"After the rally in January when the benchmark index Sensex crossed the 20,000 mark, Indian equities retreated and has since remained volatile. The annual federal budget presented on February 28 did little to cheer them up. Relative to a strong showing last year, the Sensex index in 2013 has barely managed to stay positive.
Year to date, the Sensex is up only 0.89 per cent and in the last one month has been in negative territory, down 0.69 per cent. In the days after India’s annual budget was presented the markets declined as it disappointed investors, who did not see anything in it to boost growth or improve the investment climate. And last week, the broad-based Nifty Index slipped below 5800 on Wednesday and Sensex also lost ground only to edge up later on rate cut hopes and fall in core inflation numbers.
“Experts have a largely positive outlook for the markets, with most predicting a better performance for the Sensex and Nifty indices, with new highs likely on the back of strong foreign investment.”"
'via Blog this'
No comments:
Post a Comment