12-11-2024 05:21 PM | Source: Geojit Financial Services Ltd
Market Quote : FII-triggered selling pressure continued to impact the domestic market Says Vinod Nair, Head of Research, Geojit Financial Services
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Below the Quote On Market by Vinod Nair, Head of Research, Geojit Financial Services
"FII-triggered selling pressure continued to impact the domestic market. The recent strengthening of the dollar, driven by aggressive ‘Trumponomics’ is adding fears. Additionally, the anticipated rise in domestic inflation, due to increasing food prices, along with depreciating INR, may influence the RBI’s monetary policy. Most sectors were in the red, while IT stocks gained on expectations of increased US IT spending."
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