RSS

Thursday, July 8, 2010

Indian Equity Market Trend and Review


Indian Market:

Nifty retreated nearly all its Tuesday's gains and closed below 5250 level, dragged by oil & gas, financial, metal, auto, realty and select infrastructure companies' shares. This pull down was mainly led by negative global cues.

Brazil, Russia, India and China -- the so-called BRIC group of emerging powers -- have gained clout over the past decade as their economies grew faster than those of developed countries.

The government on Tuesday took a tentative step towards opening up the organised retail sector to foreign companies but steered clear of suggesting a specific investment cap.

Global Cues:

Asian stocks fell for the first time in three days on Wednesday after American service industries expanded at a slower pace than expected, adding to concern the global recovery will weaken. The key benchmark indices in China, Hong Kong, Indonesia, Taiwan, Japan and South Korea fell by between 0.57% to 1.46%.

U.S. stock-index futures fell, indicating the Standard & Poor's 500 Index will resume last week's losses after yesterday's rebound, on lingering concern that the economic recovery may have peaked

Vodafone Group Plc, France Telecom SA and Bharti Airtel Ltd., which spent at least $18 billion on deals in Africa and the Middle East in the last two years, may face lower margins in the world's fastest-growing phone markets.


0 comments:

Post a Comment

 
Real Time Web Analytics