Market Quote 10 January 2022 By Vinod Nair, Geojit Financial Services
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Below is the daily Market quote 10 January 2022 by Vinod Nair, Head of Research at Geojit Financial Services
"Amid weak global markets and rising covid cases, the domestic market displayed strong momentum on expectations of a healthy start to the earnings season. PSU Banks led the sectorial rally as reports suggested an increase in FPI limits while the realty sector followed the trend on robust sales numbers and expectations of support measures in the upcoming budget. Globally, bourses were muted as reports of record-high Eurozone inflation at 5% kept investors on edge while awaiting the release of the US inflation data later this week which is expected to remain elevated"
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