Market Quote : The market is hopeful that the CPI inflation for May will further moderate Says Vinod Nair, Geojit Financial Services

9/06/2023 5:35:50 PM | Source: Geojit Financial Services Ltd

Market Quote : The market is hopeful that the CPI inflation for May will further moderate Says Vinod Nair, Geojit Financial Services

News By Tags | #2730 #4943 #879 #1014 #59 #6776

Market quote from Vinod Nair, Head of Research at Geojit Financial Services - 09 June 2023

The domestic market witnessed extended selling pressure as investors eagerly awaited the domestic inflation data due on Monday as the RBI refrained from an aggressive cut in their inflation forecast. The market is hopeful that the CPI inflation for May will further moderate from its current level of 4.7%. In addition to the domestic factors, global cues also failed to provide support, as the US reported high unemployment claims ahead of the release of the inflation figures and the Fed meeting.

Above views are of the author and not of the website kindly read disclaimer

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here

IGI Logo

Market Quote : The market is hopeful that the CPI inflation for May will further moderate Says Vinod Nair, Geojit Financial Services

Top News

Tag News

More News