Market Quote 16 November 2021 By S Ranganathan, LKP Securities
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Below is the market quote 16 November 2021 By S Ranganathan, Head of Research, LKP Securities
"As Investors try to figure out the valuation disconnect between the recently listed Digital entities versus their traditional counterparts who built distribution reach offline, the euphoria around the former seems to have set minds thinking. As the street worries on inflationary pressures leading to companies raising prices and their consequent impact on demand, we saw a highly volatile trading session today. The Auto sector though bucked the trend with Auto OEMs seeing good buying interest on reports of easing in chip and semiconductor shortages with the Auto Index up 3% in Afternoon Trade"
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