An INDIAN BENCHMARKS decline for 3rd consecutive week Negative cues from global markets has certainly dampened the sentiment on Dalal Street. The International Monetary
Fund cut its forecast for global growth this week and said the euro area faces the risk of a recession, which led to a sharp sell-off in global markets.
Infosys delivered a much improved quarter with a strong dollar revenue growth of 3.6% QoQ. More importantly, the company has maintained its annual revenue growth guidance of 7-9% implying that growth momentum will sustain in H2 FY15.
The INDIAN BENCHMARKS SENSEX ended 1.28 percent down at 26297 and the 50-share NIFTY closed 1.26 percent down at 7859.
GLOBAL MARKET CHASE
ASIAN STOCKS dropped on Friday, dragged down by concerns about the pace of global growth.
U.S. STOCKS tumbled, with the Dow Jones giving back 2014's gains amid a tech sell off and concerns a global slowdown will water down U.S. earnings.
EUROPEAN STOCKS were lower, as concerns over global economic growth and downbeat data from Germany continued to weigh.
WEEK AHEAD
In the coming week, Earnings will become a key focus for share market Infosys kicks off July-September earnings season on Oct. 10.Impact on foreign flows from global markets will also be key. Indian markets will be shut until Monday, with trading to resume on Tuesday.
A rally in the dollar on expectations of early U.S. rate hikes has hit the rupee and emerging market currencies. U.S. Fed to release minutes for its Sept. 16-17 meeting on Wednesday.
Foreign investors sold shares worth 4.86 billion rupees ($78.7million) on Tuesday, marking their five session of sales out of past six.
Falling oil prices could also be a factor for debt markets.
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Fund cut its forecast for global growth this week and said the euro area faces the risk of a recession, which led to a sharp sell-off in global markets.
Infosys delivered a much improved quarter with a strong dollar revenue growth of 3.6% QoQ. More importantly, the company has maintained its annual revenue growth guidance of 7-9% implying that growth momentum will sustain in H2 FY15.
The INDIAN BENCHMARKS SENSEX ended 1.28 percent down at 26297 and the 50-share NIFTY closed 1.26 percent down at 7859.
GLOBAL MARKET CHASE
ASIAN STOCKS dropped on Friday, dragged down by concerns about the pace of global growth.
U.S. STOCKS tumbled, with the Dow Jones giving back 2014's gains amid a tech sell off and concerns a global slowdown will water down U.S. earnings.
EUROPEAN STOCKS were lower, as concerns over global economic growth and downbeat data from Germany continued to weigh.
WEEK AHEAD
In the coming week, Earnings will become a key focus for share market Infosys kicks off July-September earnings season on Oct. 10.Impact on foreign flows from global markets will also be key. Indian markets will be shut until Monday, with trading to resume on Tuesday.
A rally in the dollar on expectations of early U.S. rate hikes has hit the rupee and emerging market currencies. U.S. Fed to release minutes for its Sept. 16-17 meeting on Wednesday.
Foreign investors sold shares worth 4.86 billion rupees ($78.7million) on Tuesday, marking their five session of sales out of past six.
Falling oil prices could also be a factor for debt markets.
Get free trading in equity tips, free equity tips, stock tips, stock cash tips, stock futures tips, commodity tips, nifty tips, nifty futures, mcx tips, ncdex tips, and share market tips etc.
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