For the earlier part of the week goneby, markets were inching upwards although unconvincingly.
On Friday, Ranbaxy haunted the markets and catalysed the correction. Now, there is growing
consensus that the economy will have to live with high interest rates for some more time.
Globally, markets are in the soup. European equities crashed on Friday. Emerging market
currencies tanked led by Argentine Peso. Now this contagion could spread to other markets
as well. There is a growth concern emanating from China.
Amidst all these, the prospects for Nifty do not look good going forward.
On Friday, Ranbaxy haunted the markets and catalysed the correction. Now, there is growing
consensus that the economy will have to live with high interest rates for some more time.
Globally, markets are in the soup. European equities crashed on Friday. Emerging market
currencies tanked led by Argentine Peso. Now this contagion could spread to other markets
as well. There is a growth concern emanating from China.
Amidst all these, the prospects for Nifty do not look good going forward.
• Maruti increases vehicle prices ranging from Rs1,500 to Rs8,014
ReplyDelete• IOC’s Paradip refinery faces withdrawal of sales tax deferment
• Larsen & Toubro bags Rs1,286 crore order for construction jobs
CapitalStars