Market Quote : With Inflation becoming the most widely watched economic statistic globally Says S Ranganathan, LKP Securities
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Quote on Market 14 October 2022 By S Ranganathan, Head of Research at LKP Securities
With Inflation becoming the most widely watched economic statistic globally, yesterday's inflation print in the US saw extreme volatility there and as expected our markets opened gap up in sync with global cues. IT & Financials buoyed by earnings led the rally before profit taking in Energy stocks wiped off a bit of gains. The broader markets did see buying interest in select stocks on the back of quarterly earnings although the gains were visible only across Large Cap names.
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