Quote on Market 11th November 2026 from Vinod Nair, Head of Research, Geojit Investments Limited
Below the Quote on Market 11th November 2026 from Vinod Nair, Head of Research, Geojit Investments Limited
"Indian equities opened higher on positive global cues, tracking gains in US tech stocks, even as hawkish remarks from Fed officials pushed global yields higher while the latest US CPI print reinforced expectations of a December rate hike. The rupee's recent appreciation, supported by sustained foreign inflows and softer crude prices, together with expectations of higher-for-longer global rates, weighed on IT stocks and caused large caps to gradually give up their early gains. However, small caps helped the broader market to outperform, while rotation out of defensive pharma stocks into autos and banks suggested risk appetite was returning. Whether this renewed risk appetite holds will depend on upcoming India's October inflation and US PPI data, which together should shape the outlook for domestic prices and global interest rates."
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