Market Quote 01st November 2021 by Vinod Nair, Geojit Financial Services
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Below is the daily Market quote 01st November 2021 by Vinod Nair, Head of Research at Geojit Financial Services
Domestic indices bounced back on a positive footing from the recent sell-off, due to strong momentum in global markets, favourable domestic economic data and good Q2 results announcement. India’s manufacturing PMI increased to 55.9 in October from 53.7 in September as output and new orders improved amid easing Covid restrictions. The sustenance of the trend will depend on the views provided by Fed regarding the current easy money policy to be announced on Wednesday
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