Market Quote 16 August 2021 by Vinod Nair, Geojit Financial Services
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Below is the Market quote 16 August 2021 by Vinod Nair, Head of Research at Geojit Financial Services
"The domestic market failed to maintain its momentum and traded on a flat note throughout the day as selling was witnessed in the key sectors amidst weakness in global markets. India’s WPI inflation eased for the second consecutive month to 11.16% in July against 12.07% in June as food and crude prices softened. Metals outshined other indices backed by better quarterly earnings. Due to weaker-than-expected Chinese economic data and surge in virus outbreaks, global indices traded under pressure"
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