Market Quote 22 April 2022 By Vinod Nair, Geojit Financial Services
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Below is the daily Market quote 22 April 2022 By Vinod Nair, Head of Research at Geojit Financial Services
"The recent trend of the market was due to the release of high inflation data, the uncertainty surrounding Russia -Ukraine peace talks , volatile crude prices and weak quarter results. Fed chair’s comment of aggressive rate hike of 50bps by May made investors extra cautious. Inflation is not expected to remain elevated in the long term, a change from hyperinflation to normal is likely in the short to medium term in anticipation of improvement in supply. However, the short-term apprehensions are FIIs selling and elevated level of the Indian broad market"
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