Market Quote 18 August 2021 by Vinod Nair, Geojit Financial Services
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Below is the Market quote 18 August 2021 by Vinod Nair, Head of Research at Geojit Financial Services
"Succumbing to profit-booking, Indian market gave away its gains. Bleeding banking, realty and metal stocks dragged while midcaps provided some relief but the broad trend was weak. European markets traded cautiously as Eurozone inflation accelerated to 2.2% in July, beating ECB estimates of 2% owing to a spike in energy prices. The market are awaiting the US Fed meeting minutes to provide some direction on future policy, which is expected to showcase its current accommodative policy in-line with the latest policy statement"
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