#OpeningBell #MarketNews #News The #Indianmarkets despite another good effort closed lower for the seventh straight session, though today the last trading session of the week, start is likely to be in green and the #markets may see some recovery tailing the global peers. On the domestic front #traders will be taking support with #RBI Governor #RaghuramRajan’s statement that the current account deficit (#CAD) in the current fiscal will come down to $56 billion, less than 3 percent of #GDP, and lower than the #government estimate of $70 billion and $88 billion reported last year. Though, he said that the 2 percent industrial growth in #September is disappointing, but hoped that the economic situation would improve in the second half of the fiscal on the back of good monsoon and exports. Traders will also be eyeing the movement of #rupee, which after Rajan’s statement strengthened and is likely to keep its momentum going. Meanwhile, there will be some buzz in jewellary and #goldstocks as the #government has further slashed the import tariff value of #gold to $ 417 per ten gram. There will be some action in #hotelsstock, as the foreign tourist arrivals in October stood at 5.89 lakh, up 5.94 percent from the year-ago period. Read more at rsec.co.in/market-and-news/equity/market-outlook/daily
Posted on: Thu, 14 Nov 2013 03:56:23 +0000