"In March, India’s benchmark Sensex index was promising to rise above 20,000 points. In May, the Nifty index breached its own high-water mark of 6,200 points. How the mighty have fallen.
By lunchtime in Mumbai on Friday, the Sensex was at a meager 18,765 while the Nifty hovered around 5,675. But how much further will Indian markets fall?
Indian assets joined a mammoth emerging markets sell-off following news that the US Federal Reserve would soon begin to “taper” its programme of quantitative easing, sucking up liquidity."
'via Blog this'
No comments:
Post a Comment