Market Quote : The relentless selling by FIIs as a result Says Mr. Vinod Nair, Geojit Financial Services
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Below Quote on Market 11 January 2023 By Vinod Nair, Head of Research at Geojit Financial Services
"After a volatile session, the domestic market anchored near the flat line as investors remained cautious ahead of the release of inflation data, though positive sentiments from global counterparts attempted multiple recoveries in between. India’s CPI for December is projected to remain unchanged, while the US CPI is estimated to further cool down from November’s level of 7.1%. The relentless selling by FIIs as a result of the premium valuation of the domestic market is weighing on the domestic market."
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