Market Quote : The domestic market relinquished its gains as weak global sentiments took hold Says Vinod Nair, Geojit Financial Services
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Below is on Market Quote 09 May 2023 By Vinod Nair, Head of Research at Geojit Financial Services
The domestic market relinquished its gains as weak global sentiments took hold. The upcoming US inflation figures have become the focal point in determining the global market trend. The US inflation rate, which is expected to remain unchanged at its March level of 5.0%, is causing worries that the Fed will remain stricter for long. However, the sustained support from FIIs is guarding the domestic market from a steep correction.
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