Market Quote : Underpinned by favourable domestic macro numbers and optimistic global cues Says Mr. Vinod Nair, Geojit Financial Services.
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Below Quote on Market 13 December 2022 By Vinod Nair, Head of Research at Geojit Financial Services.
"Underpinned by favourable domestic macro numbers and optimistic global cues, domestic indices belled the day in positive terrain. PSU banks led the rally while IT snapped its losing streak on bargain buying. India’s retail inflation eased sharply to 5.88%, which was within the RBI’s tolerance band. However, the euphoria was partially offset by an unexpected decline in industrial production, which shrank 4% in October. The US inflation figures, which are due before the Fed announcement, will provide an indication of the Fed's policy stance."
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