Market Quote : The escalating concerns about inflation further weighed down domestic market sentiments Says Mr. Vinod Nair, Geojit Financial Services
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Below Quote on Market 11 August 2023 By Vinod Nair, Head of Research at Geojit Financial Services
The domestic market continued to experience selling pressure, with banking stocks extending their decline in reaction to the RBI's liquidity absorption measures. The escalating concerns about inflation further weighed down domestic market sentiments. Despite the US CPI coming in lower than expected and the UK GDP beating estimates, global sentiment remained unfavourable.
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