01-01-1970 12:00 AM | Source: Geojit Financial Services Ltd
Market Quote 16 February 2022 By Vinod Nair, Geojit Financial Services
Below is the daily Market quote 16 February 2022 By Vinod Nair, Head of Research at Geojit Financial Services
"Indian equities staged a rebound to recoup most of its losses in the mid-noon session on the back of de-escalating tensions along the Russia-Ukraine border. However, falling western markets prompted a quick sell-off during closing hours. In yet another blow to global inflationary pressure, UK’s inflation jumped to 5.5% in January recording a 30 year high, putting pressure on the Bank of England for a further rate hike sooner than earlier anticipated"
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