#OpeningBell #Marketnews #News Markets are likely to make a mildly positive start tailing the regional peers, however there will be some cautiousness too, especially in the capital goods sector after the Industrial Production data came at dismal -2.2 percent, though there was a positive news, #retail inflation eased to 9.64% in July from 9.87% in the month of June. Traders will also be eyeing the movement of #rupee which despite all effort by government and the #RBI continued its fall. #Financeminister #PChidambaram last day announced various measures including, a planned increase in the import duty on several red-hot imports like #gold and #silver, allow three public sector financial institutions to raise #dollar funds through bonds, make #NRI deposits more attractive and ease foreign loan norms to attract foreign investment and plug the wide current account deficit, but all these announcements fell short of Street expectations. There will be some buzz in the #pharmasector, as the #FinanceMinister has said that the government will soon finalise the foreign investment policy on brownfield pharmaceutical projects. Read more at rsec.co.in/market-and-news/equity/market-outlook/daily
Posted on: Tue, 13 Aug 2013 04:20:57 +0000
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