Market Quote 03 June 2022 By Vinod Nair, Geojit Financial Services
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Below is the daily Market quote 03 June 2022 By Vinod Nair, Head of Research at Geojit Financial Services
"The late sell-off indicates the lack of confidence in the domestic market driven by the concerns over Central Bank policy. While in the global market, the investors were waiting for the release of US job data. The RBI is expected to hike rates by 25bps to 35bps and the Fed by 50bps, but the outlook & changes in the economic growth and inflation will determine the market trend. If the central banks decide on a stringent policy tightening, the market mood can swing bearish"
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