Market Quote 19 january 2022 By Vinod Nair, Geojit Financial Services
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Below is the daily Market quote 19 january 2022 by Vinod Nair, Head of Research at Geojit Financial Services
"Globally, risk sentiments took a blow as rising inflation resulting in elevated bond yield along with the on-going geopolitical tensions and surge in oil prices weighed on investor confidence. This along with consistent FII selling forced the domestic market to trade in favour of bears for the second consecutive day. The UK's inflation rate rose to 5.4% in December from 5.1% in November owing to rising demand, surging energy costs and supply constraints"
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