Market Quote : The domestic market joined the global run as markets across the world Says Mr. Vinod Nair, Geojit Financial Services.
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Quote on Market 11 November 2022 By Vinod Nair, Head of Research at Geojit Financial Services.
"The domestic market joined the global run as markets across the world cheered the lower-than-expected US inflation data. The US dollar slumped along with treasury yields as investors evaluated the likelihood of a less hawkish rate hike by the Fed. Reduced treasury yields will aid to improve FII inflows. The rally of domestic market was led by IT stocks as recession fears reduced and HDFC twins after merger overhang."
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