Market Quote 18 May 2022 By Vinod Nair, Geojit Financial Services
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Below is the daily Market quote 18 May 2022 By Vinod Nair, Head of Research at Geojit Financial Services
"With the support from Pharma and FMCG stocks, the domestic market had a steady run until the weak opening of the European market. UK’s soaring retail inflation number along with Fed Chair’s reassurance on bringing down the inflation, disturbed the sentiment, risking sharper rate hikes. With prospects of a sizeable interest rate hike by the global central banks, investors are advised to allocate higher weightage to sectors that are least affected by such policies like defensives"
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