Global trade war, NPA issues to dictate markets in the coming week
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Global events will be crucial in deciding the trend for the equity market this week amid rising concerns of trade headwinds, say experts. Markets are currently reeling under global trade worries and domestic political concerns. «Q3 results have givenGlobal trade war, NPA issues to dictate markets in the coming week
Global events will be crucial in deciding the trend for the equity market this week amid rising concerns of trade headwinds, say experts. Markets are currently reeling under global trade worries and domestic political concerns. «Q3 results have given some signs of improvement in corporate earnings. The long term outlook for the domestic market continues to be strong. However, rising concerns of global trade headwinds, domestic NPA issues and upcoming state elections will keep market on tenterhooks. US FED policy meet this week is the key event,» said Vinod Nair, Head of Research, Geojit Financial Services. «The FOMC meet, lined up this week, will be important to watch out from the global markets view point,» said Vikas Jain - Senior Analyst, Reliance Securities. SAMCO Securities, Founder & CEO, Jimeet Modi said, «Global headwinds are negative and will decide the direction in the short-term». Over the last week, the Sensex recorded a fall of 131.14 points, or 0.39 per cent, and .. Read more