Market Quote : The market crossed 70,000 levels today, while the broader market outperformed the main indices Says Mr. Vinod Nair, Geojit Financial Services
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Below Quote on Market 11 December 2023 By Vinod Nair, Head of Research at Geojit Financial Services
"The market crossed 70,000 levels today, while the broader market outperformed the main indices. However, profit booking was evident at higher levels as traders anticipated clues from tomorrow's significant data releases on inflation from the US and India, as well as the IIP. While US inflation is predicted to remain stable, the market anticipates a rise in domestic inflation. The better-than-expected US job data and a moderate increase in US bond yields from the recent lows, however, also encouraged investors to book profits at higher levels. Investors will be closely watching the upcoming FOMC meeting tomorrow for clues about potential future rate cuts while expecting to keep rates the same this time."
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