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Market Quote 16 February 2022 By Vinod Nair, Geojit Financial Services
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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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