Market Quote 08th November 2021 By Vinod Nair, Geojit Financial Services
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Below is the daily Market quote 08th November 2021 by Vinod Nair, Head of Research at Geojit Financial Services
"Despite a muted opening, domestic indices erased its early losses boosted by favourable macros like fuel rate tax-cut, improved PMI numbers and higher festive season sales numbers. On the global front, the Fed policy announcement was in line with the market view to start with gradual tapering which boosted the sentiments of emerging markets. Additionally, investors remained a bit cautious ahead of the US consumer data, which is to be released later this week"
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