Market Quote 13th December 2021 By Vinod Nair, Geojit Financial Services
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Below is the daily Market quote 13th December 2021 by Vinod Nair, Head of Research at Geojit Financial Services
"Ahead of the release of domestic inflation data and key global central bank meetings, the benchmark indices dived into the negative zone digesting weak macroeconomic numbers and continued FII selling. India’s Index of Industrial Production grew by 3.2% in October which was lower than market expectations. US CPI inflation was reported above the expected lines at 6.8% YoY in November owing to rising prices for food, energy and shelter. In view of the rising global inflation, the policy outcome of key central bank meetings especially the US Fed and European Central Bank, will be keenly monitored by the markets to determine its trends"
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