Daily market quote from Vinod Nair, Head of Research at Geojit Financial Services
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Below the daily market quote from Vinod Nair, Head of Research at Geojit Financial Services.
The market took a breather and ended on a flat note after the previous day’s sharp uptick. Despite domestic CPI inflation being within RBI's target band, the increase in food prices may influence the central bank to remain prudent on rates. Higher liquidity from FIIs to the domestic market and a slide in US 10-year yield increased the prospects of the FED rate cut, which will aid domestic sentiment.
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