The Indian equity markets have extended their losing streak to second consecutive week. Indices were seen dancing to the tune of the global equity markets.
Rising bond yields, elevated oil prices and fear that rising interest rates scenario is likely to drag economic growth is what is keeping equity markets on tenterhooks.
Meanwhile, the Monetary Policy Committee maintained repo rate at 6% and continued with its neutral stance.
RBI expects inflation at 5.1% in the fourth quarter and projected growth at 6.7% for FY18 which is lower than its previous estimate.
Sugar sector was back in action after reports emerged that the government had doubled the import duty on sugar to 100%.
For the week, Nifty and Sensex declined by 3% each.
Capitalstars Financial Research Private Limited is a research house and an investment advisory carrying out operations in the Indian Equities and Commodity market.We also provide a free trial to our client.Join our services and trade with us.
Get more details here:-
* Investment & Trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
* CapitalStars Investment Adviser: SEBI Registration Number: INA000001647
This Information is really good and informative. Thanks for it.
ReplyDeleteCheck below links and get useful information.
Eris Lifesciences, Deepak Nitrite
Godrej Consumer Products