At least 3 PSB's are looking to raise money from institutional investors in the near future.
“It’s a shame and it is shortsighted. It will hurt India’s stock market."
The Indian stock market has entered a phase of higher volatility.
In the very short term, rupee may rebound to 64-and-a-half, 65 area. It would be an opportunity to buy rupee.
The main risk to this positive outlook is oil sustaining beyond $70 per barrel and a larger pickup in Indian bond yields.
FPIs have sold shares worth Rs 3,665.6 crore in the domestic stock market.
Wall Street’s fear gauge, CBOE VIX on Monday surged 115.6 per cent to 37.32.
The 30-stock index ended down 58.36 points at 35,906.66, and the Nifty ended 10.80 points lower at 11,016.90.
Benchmark indices have hit record highs in almost every other trading session in January.
Activity in the February stock futures is based largely on quarterly results.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon