Market Quote : The domestic market managed to pare its losses to close flattish Says Vinod Nair, Geojit Financial
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Quote on Market 11 July 2022 By Vinod Nair, Head of Research at Geojit Financial Services.
"As the domestic market turned its focus towards quarterly results, the weak start of IT earnings wounded the sentiments, forcing benchmark indices to open on a weak note. However, with support from banking, metal and energy stocks, the domestic market managed to pare its losses to close flattish. India’s June inflation data, which is due for tomorrow, is expected to remain in line with May’s inflation rate of 7.04%. Meanwhile, the US inflation data due on Wednesday is expected to show a further increase from its current peak level of 8.6% during May"
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