Market Quote 13 January 2022 By Vinod Nair, Geojit Financial Services
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Below is the daily Market quote 13 January 2022 by Vinod Nair, Head of Research at Geojit Financial Services
"The domestic market traded between gains and losses weighing the initial positive earnings results and weak global cues. Globally, western markets traded lower due to 4-decade high inflation as the US consumer price index rose by 7% YoY in December. Owing to an unfavourable base effect, India’s retail inflation also jumped to 5.59% in December higher than RBI’s forecast of 5.1% for Q3FY22. India’s Industrial Production registered a subdued growth of 1.4% as supply shortage constrained factory production"
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