(Any opinions expressed here are those of the author and not of Thomson Reuters)
Markets across the world had one of their worst opening weeks ever on rising concerns of a global economic slowdown led by China and geopolitical concerns in the wake of North Korea’s nuclear test. In India, the Nifty index ended the week at 7,601, down 4.5 percent.
(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)
Markets inched up about 1 percent in a dull week with the Nifty closing at 7,963. The low participation was on account of holidays for major institutions and volumes remained low.
(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)
Markets staged a spirited recovery during the week with the Nifty ending at 7,762, up 2 percent and comfortably in the support band of 7,750-7,800. Indexes were mainly influenced by the U.S Federal Reserve’s rate decision and the government’s mid-year economic review.
(Any opinions expressed here are those of the author and not of Thomson Reuters)
The stock market remained weak with the Nifty closing 2.2 percent lower at 7,610 last week. Investors were on tenterhooks over the passage of the Goods and Services Tax (GST) bill in parliament. Global markets were watchful of the crucial U.S. Federal Reserve meet that will decide the course of a rate hike cycle. Chinese trade data exhibited weakness for the fifth consecutive month, adding to nervousness.
(Any opinions expressed here are those of the author and not of Thomson Reuters)
The Nifty corrected sharply by about 2 percent for the week to close below the crucial 7,800 mark on heightened prospects of a U.S interest rate hike in the coming days. Sentiment was also hit after the rupee fell to its lowest level in more than two years as it headed towards 67 against the dollar. FIIs sold equities worth $382 million over the past five trading sessions while DIIs bought stocks worth $385 million.
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A man looks at a screen across a road displaying the Sensex on the facade of the Bombay Stock Exchange (BSE) building in Mumbai, India, June 29, 2015. REUTERS/Danish Siddiqui/Files
(Any opinions expressed here are those of the author and not of Thomson Reuters)
A man looks at a screen across a road displaying the Sensex on the facade of the Bombay Stock Exchange (BSE) building in Mumbai, India, June 29, 2015. REUTERS/Danish Siddiqui/Files
(Any opinions expressed here are those of the author and not of Thomson Reuters)
The election result in Bihar would influence investors in the coming week. Voters have given a clear mandate to the “Mahagathbandhan” partnership of the Janata Dal (United), Rashtriya Janata Dal and Congress against Prime Minister Narendra Modi’s National Democratic Alliance. Market expectations of Modi’s alliance winning in Bihar were tapering over the last few days and exit polls also pointed towards a tightly fought election — but a rout had not been expected. A gap down opening on Monday is foretold.