LIC listing, FII outflow among 5 factors that will steer market this week
- Past market trends suggest Nifty50 is far from bottoming out
- Buying by FIIs crucial for Nifty to move beyond consolidation zone
- LIC shares to start trading on Tuesday. Will retail investors burn fingers?
Both benchmark indices ended the week with losses. Nifty50 lost about 3.83 per cent while the 30-share Sensex declined 3.72 per cent. Broader market also saw heavy selling. Sectorally, metals and power stocks were under heavy selling pressure.
“The high level of inflation in the domestic markets, the likelihood of further hikes in policy rates, the persistently high inflation in major economies including the US, and the potential for sustained high prices of crude oil, edible oil, food grains etc and more noise at the market place on slowdown of economic growth in …
More on: economictimes.indiatimes.com