NEW DELHI The finance ministry delivered a report on the state of the economy on Wednesday, a day before Finance Minister P. Chidambaram unveils what is expected to be the most austere budget in years.
The annual report was prepared by Raghuram Rajan, the former chief economist to the International Monetary Fund (IMF), who became the top adviser in the finance ministry last year.
(Reporting By Frank Jack Daniel)
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It remains to be seen whether Nifty will be able to break the 8,100 mark during October. With major events out of the way, the next trigger will be the Q2 FY16 earnings season which is expected to kick off next week. It is advisable for the investors to continue building their equity portfolio by utilising market volatility as an opportunity, writes Ambareesh Baliga. Full Article