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Market Quote 30 August 2021 by Vinod Nair, Geojit Financial Services
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Below is the daily Market quote 30 August 2021 by Vinod Nair, Head of Research at Geojit Financial Services
"Following a strong gap-up opening, equity benchmark indices maintained the trend throughout the day in line with the strength in global markets. Global markets strengthened as the anxiety over the Jackson Hole symposium subsided following the dovish tone of the Fed Chair. Jerome Powell stated to stick with the wait-and-see approach giving reassurance that the easy money policy will continue this year with a smaller rate of tapering"
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