Market Quote : Tracking weak cues in global markets, Indian indices gave away their initial gains Says Mr. Vinod Nair, Geojit Financial
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Quote on Market 14 July 2022 By Vinod Nair, Head of Research at Geojit Financial Services.
"Tracking weak cues in global markets, Indian indices gave away their initial gains amid concerns over higher-than-expected US inflation data. Investors are increasingly expecting the Fed to carry out a minimum 75bps rate hike this month in order to combat high inflation. On the domestic front, India’s WPI inflation moderated in June although it remains at the elevated levels, but is expected to ease further during the year."
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