Market Quote 31 May 2022 By Vinod Nair, Geojit Financial Services
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Below is the daily Market quote 31 May 2022 By Vinod Nair, Head of Research at Geojit Financial Services
"Domestic market failed to hold on to recovery mode as it was awaiting the release of Q4 GDP data. GDP is expected to register a slower growth rate of 4.0-4.2% as the consumer spending and investments were hit by soaring inflation. A hike in oil prices due to the EU’s ban on Russian oil imports would act as a headwind in taming global inflation. Changes in policy by central banks would be a major factor to be monitored in the coming days"
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