Markets Nosedive
Sensex loses 388 points, Nifty ends below 6,000 on Fed, China concerns
The Nifty posted its biggest percentage fall in a year on Thursday, as the prospect of an end to the U.S. stimulus programme and a weak China manufacturing survey sparked concerns foreign investors would end their recent buying spree. Full Article
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Markets weekahead - Stocks on hold ahead of budget
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A broker monitors share prices at a brokerage firm in Mumbai August 9, 2011.
Credit: Reuters/Danish Siddiqui/Files
Reuters Market Eye - The BSE Sensex will be closely monitoring the 2013/14 budget for the next fiscal year to be announced on February 28.
All eyes will be on how the finance minister will manage to meet the government's 4.8 percent fiscal deficit target for 2013/14, while still trying to revive growth amid persistent inflation, and with general elections expected next year.
Whether India can deliver a credible fiscally disciplined budget is too close to call, but economists polled by Reuters say its resolve to cut spending and giveaways in next week's budget will reignite investor confidence.
Traders say Nifty will be range-bound at above 5,800 until the budget.
(Reporting by Abhishek Vishnoi)
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