Market Quote 14th July 2021 by Vinod Nair, Geojit Financial Services
Below are Quote on Market view by Vinod Nair, Head of Research at Geojit Financial Services
"Despite negative global signals, domestic indices trimmed its early losses and soared high supported by robust Q1FY22 result expectations on IT sector and favourable economic outcomes. WPI inflation eased to 12.07% for June against 12.94% in May owing to softening crude oil and food prices. Key economic data reported across major western markets shown spiked inflation, forcing global markets to stay sidelined. US inflation levels for June witnessed its highest jump since August 2008 to 5.4% while British inflation rose to 2.5%, both above the central bank inflation target"
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Trend reversal in FPI investment from buying in last 3 months to selling in Sep