MARKET CLOSING BELL

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MARKET CLOSING BELL

stock-market-1-sixteen_nine

What moved market today?

High domestic inflation data failed to spook investors since the recent selloff has already absorbed the ongoing uncertainties in the market. Domestic markets witnessed a rebound as buyers took the recent correction into their advantage following the trend of the global market. However, the weakness seen in the banking sector triggered a late selloff. The US Fed cautioned against an aggressive policy stance in order to bring inflation under the Fed’s comfort zone of 2%.

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