(Any opinions expressed here are those of the author and not of Thomson Reuters)
A broker laughs while speaking to a colleague, as they trade on their computer terminals at a stock brokerage firm in Mumbai, March 4, 2015. REUTERS/Shailesh Andrade/Files
(Any opinions expressed here are those of the author and not of Thomson Reuters)
Markets corrected in a volatile week on fears of a rate hike by the U.S. Fed as early as next month. The Nifty closed down 0.83 percent for the week at 7,750. Sentiment was also affected by SEBI’s decision to introduce tighter norms for P-Notes leading to concerns about future foreign equity inflows.
(Any opinions expressed here are those of the author and not of Thomson Reuters)
The 8,000 mark remained elusive for the Nifty, although the index managed to gain 1 percent during the week despite Friday’s fall. Investors had initially cheered passage of the new bankruptcy law in parliament, but concerns arising over amendments to the country’s tax treaty with Mauritius weighed on bourses. Dismal headline inflation and industrial production numbers worsened sentiments. FIIs continued to be net buyers of shares to the tune of $89.53 million during the week.
(Any opinions expressed here are those of the author and not of Thomson Reuters)
Markets continued to correct and consolidate at lower levels after a sell-off in global stocks. Disappointing domestic macro data and some dismal quarterly numbers also hurt sentiments. The Nifty fell 1.5 percent during the week to close at 7,733. FIIs were net sellers to the tune of $116.6 million.
(Any opinions expressed here are those of the author and not of Thomson Reuters)
The Nifty was volatile within a 150-point band during the week, failing yet again to cross the 8,000 mark and closing with a minor loss of 0.6 percent at 7,850. FIIs were net buyers to the tune of $252.48 million. The rupee remained flat, ending at 66.4 against the dollar.
(Any opinions expressed here are those of the author and not of Thomson Reuters)
A broker laughs while speaking to a colleague, as they trade on their computer terminals at a stock brokerage firm in Mumbai, March 4, 2015. REUTERS/Shailesh Andrade/Files
(Any opinions expressed here are those of the author and not of Thomson Reuters)
Brokers trade at their computer terminals at a stock brokerage firm in Mumbai January 6, 2015. REUTERS/Shailesh Andrade
(Any opinions expressed here are those of the author and not of Thomson Reuters)
Brokers trade at their computer terminals at a stock brokerage firm in Mumbai. REUTERS/Shailesh Andrade/Files
(Any opinions expressed here are those of the author and not of Thomson Reuters)
(Any opinions expressed here are those of the author and not of Thomson Reuters)