Market Quote 02 May 2022 By S Ranganathan, LKP Securities
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Below is the market quote 02 May 2022 By S Ranganathan, Head of Research, LKP Securities
"Markets opened gap down on the back of weak global cues ahead of the FOMC meet but managed to recoup most of the losses as factory output for April improved sequentially amidst input cost inflation. Banks led the recovery on expectations of higher credit growth this fiscal and the broader markets despite being a bit sluggish ahead of a trading holiday tomorrow witnessed accumulation in select pockets like standalone refineries and hospitality"
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