Five reasons why Sensex slipped over 450 points
MUMBAI: The Indian stock market is the worst performing in Asia today. The 50-share Nifty closed the session at 7,965.35, down 159.10 points.
The 30-stock BSE Sensex ended the day at 26,370.98, down 469.52 points.
Here are top five factors that are keeping the markets on tenterhooks:
-Nifty cracks below 8,000
-Delay in progress of monsoon
-Rise in crude oil prices
-Experts are downgrading Sensex targets
-FPIs shifting to China
Here are top five factors that are keeping the markets on tenterhooks:
-Nifty cracks below 8,000
-Delay in progress of monsoon
-Rise in crude oil prices
-Experts are downgrading Sensex targets
-FPIs shifting to China
Citigroup report pegs India's GDP growth at 7.9 per cent this fiscal
NEW DELHI: India's GDP growth is likely to revive to 7.9 per cent in the current financial year and then further up to 8.1 per cent in 2016-17, driven by structural reforms and cyclical easing of the monetary policy, says a Citigroup report.
According to the global financial services major, investment and consumption uptick is likely to result in a growth pick-up from 7.3 per cent in 2014-15.
The report, however, cautioned that the recent spell of unseasonal rains - impacting around 10 per cent of standing winter crops - and the forecast of a "deficient" monsoon pose a challenge to the ongoing improvement in growth inflation dynamics.
According to the global financial services major, investment and consumption uptick is likely to result in a growth pick-up from 7.3 per cent in 2014-15.
The report, however, cautioned that the recent spell of unseasonal rains - impacting around 10 per cent of standing winter crops - and the forecast of a "deficient" monsoon pose a challenge to the ongoing improvement in growth inflation dynamics.