Market Quote 17th December 2021 By Vinod Nair, Geojit Financial Services
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Below is the daily Market quote 17th December 2021 by Vinod Nair, Head of Research at Geojit Financial Services
"Weak global sentiments inundated domestic indices as markets are digesting the hawkish stance of major international central banks amid surging omicron cases. While the European Central Bank took a small step in rolling back the crisis-era stimulus although holding down borrowing costs next year, the Bank of England surprised the markets by raising interest rates for the first time since the onset of the pandemic. Continued FII selling created tension among domestic investors. Barring IT, all sectors bled"
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