Market Quote : Mid and small-cap stocks were the worst hit, while the Financials and Auto sectors also showed significant weakness by Vinod Nair, Geojit Financial Services.

13-11-2024 04:12 PM | Source: Geojit Financial Services Ltd

Market Quote : Mid and small-cap stocks were the worst hit, while the Financials and Auto sectors also showed significant weakness by Vinod Nair, Geojit Financial Services.

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Below the quote on Market by Vinod Nair, Head of Research, Geojit Financial Services.

"Relentless selling by FIIs amid weak corporate earnings and a sharp surge in domestic inflation to a 14-month high have further impacted investor sentiment, dashing hopes for a near-term rate cut by the RBI. Mid and small-cap stocks were the worst hit, while the Financials and Auto sectors also showed significant weakness. This trend is mirrored across all emerging markets, as markets are jittery about future US policy actions, including trade-related implications for the world economy, which is reflected in the strengthening US dollar and rising yields."

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Market Quote : Mid and small-cap stocks were the worst hit, while the Financials and Auto sectors also showed significant weakness by Vinod Nair, Geojit Financial Services.

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