Saturday 30 March 2013

Market Synopsis

Globally, while S&P 500 is rollicking on the back of good US economic data
supported by the strength in the USD index, things have been very gloomy
on the eastern side of the Atlantic, the Eurozone, and continues to sink deeper
into the pit.    Economists are now talking that after Cyprus, may be Slovenia
and Hungary need to be bailed out next.

Locally, India's current account deficit has touched record highs.
What is more concerning is that the government is relying heavily on FDI and
FII inflows to finance the CAD rather that taking strong measures at augmenting
exports.    While exports cannot improve in the short term, what is glaringly
missing is the government's inaction at taking policy measures to provide fillip
to exports.

1 comment:

  1. Major FMCG companies were in the focus throughout the week as according to reports they slashed prices of products after the reduction in GST tax slab. Marico, Hindustan Unilever and Dabur were among the companies reducing prices.
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