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Market Quote 22nd November 2021 By Vinod Nair, Geojit Financial Services
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Below is the daily Market quote 22nd November 2021 by Vinod Nair, Head of Research at Geojit Financial Services
"Subdued listing & continuation of weak trading of Paytm, India’s largest new generation fintech, is a big sentimental setback to the domestic market, which was thriving on the strong primary market. It will impact the inflow of money from the retail segment, which has been a key player during the year. FIIs are also a seller due to fear of overvaluation of India compared to peers. Weak inflow from FIIs will possibly get higher due to the withdrawal of three agriculture farm acts which brings a stoppage to governments reformist agendas in context to coming state elections next year. It was a key factor for India to trade at a premium to EMs during the year"
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