Market Quote : The domestic market traded with cuts in line Says Mr. Vinod Nair, Geojit Financial
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Quote on Market 08 October 2022 By Vinod Nair, Head of Research at Geojit Financial Services.
"Prior to the release of the US jobs data, the domestic market traded with cuts in line with its global counterparts. Stronger-than-anticipated job data may lead to a market decline as it could give the Fed more reasons to focus on inflation. Following OPEC+'s announcement of supply reductions, crude prices have continued to rise, while the rupee has dropped to a fresh low as a result of hawkish remarks from Fed officials."
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