Market Quote 06th October 2021 by Vinod Nair, Geojit Financial Services
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Below is the daily Market quote 06th October 2021 by Vinod Nair, Head of Research at Geojit Financial Services
"Weak global markets which resulted in profit booking in metals and IT stocks led domestic indices to trade in red, trimming its early gains. Spike in crude prices is spooking the Indian market while inflation is affecting US bond yields. RBI commenced its three-day MPC meeting in which the central bank is expected to keep rates unchanged, however, it is likely to announce measures to gradually pump out liquidity from the economy"
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