|
Indian markets dropped over 4% this week due to middle east tensions and FII outflows. Major sectors like auto, banks, infra, and energy faced heavy selling. FIIs are moving funds to China, leading to significant cash market selling. Analysts predict continued pessimism with a possible consolidation phase ahead amidst rising crude prices.
Category:
News and Media
The data "basically tells us economic activity in the fourth quarter is likely to remain at a solid pace," said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.
Category:
News and Media
The Nifty IT Index surged 19.6% in the last 6 months against an up move of 11.1% in the benchmark Nifty Index in the same period. Investec said that the surge in the IT stocks has been in anticipation of a recovery despite the earning downgrades.
Category:
News and Media
All news |
||||||||||||||||||
|