Market Quote 11th November 2021 By Vinod Nair, Geojit Financial Services
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Below is the daily Market quote 11th November 2021 by Vinod Nair, Head of Research at Geojit Financial Services
"Global inflationary pressure following upsetting US inflation data forced the domestic market to trade with deep cuts. Beating the market estimates, US inflation hit a 30-year high level of 6.2% YoY adding fears of an earlier than expected rate hike, while US bond yields shot higher. Rising inflationary pressure along with prospects of an early rate hike can keep the domestic market on edge as such indicators tempt foreign investors to pump out liquidity from emerging markets like India"
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