Market Quote : ``The domestic market ended flat, due to by profit-booking at higher levels says Vinod Nair, Head of Research, Geojit Financial Services
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Below the Daily Market Quote by Vinod Nair, Head of Research at Geojit Financial Services.
"The domestic market ended flat, due to by profit-booking at higher levels. However, the expectation of dovish comments from the US Fed and BoE in the upcoming policy meetings this week is supporting the optimism. The investors will also closely monitor comments from BoE and BoJ. The BOE is expected to lower rates due to rising unemployment and easing inflation, while the BOJ is likely to increase rates in response to surging inflation, potentially causing market volatility."
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