It was a tough week for Indian shares as the BSE Sensex fell nearly 3 percent and the Nifty lost 3.3 percent as U.S. Fed chief Bernanke’s suggestion that stimulus measures may be scaled back at one of their next few meetings dented sentiment. Here's a look at the top Sensex losers and gainers. Full Article
For months, markets have been dancing to central bankers' tune, but that may now be changing, writes James Saft. Full Article
Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade. Full Coverage
Markets weekahead - Stocks on hold ahead of budget
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)
- Tweet this
- Share this
- Digg this