Afternoon D & C Dedicated To Mumbai
Home > Business > Markets turn cold after macro estimates

Markets turn cold after macro estimates

Thursday, October 12, 2017

Disappointing macro estimates yesterday laid investors low as the Sensex and the Nifty squandered their early advantage and ran into losses ahead of the start of the earnings season.

The International Monetary Fund (IMF) yesterday lowered India's growth projection to 6.7% in 2017, lower than its earlier estimate, unnerving investors, analysts said.

The Nifty cracked and slipped below 10,000 as investors went around picking profit. Caution remained the byword as June-September quarterly results kick off tomorrow, with TCS set to get off the block, and RIL the next on Friday. Data on industrial production for August and consumer inflation for September is also lined up for today.

The beginning was positive as the Sensex raced past the 32,000-mark shortly after the open as domestic investors pressed on with buying. But in the end, the index faltered and ended lower by 90.42 points, or 0.28%, at 31,833.99, with profit-booking posing an overhang.

The gauge had rallied 332.38 points in the past three sessions. At the close, the 50-share NSE Nifty nosed down by 32.15 points, or 0.32%, at 9,984.80.

No Comments Posted
City news
Defense counsel Farhana Shah contends that Farooq
Sena MLA raises issue in Assembly, demands immedi
Activists of the Maharashtra Navnirman Sena (MNS)
My sex organ becomes hard very often nowadays and
Dr. Rajan B. Bhonsle, M.D. (Bom)
Consulting Sex Therapist & Counsellor
Dr. (Mrs.) Minnu R. Bhonsle, Ph.D.
Consulting Psychotherapist & Counsellor
Select Sun sign:
Aries (Mar 21 - Apr 20)
Aries (Mar 21 - Apr 20)Catching up with your appointments and also meeting deadlines will keep you busy. Some paperwork may also need your attention. A day you will remember. Excitement, adventure and new contacts fill the day with activity you can enjoy. The evening is brilliant socially.
- Advertising -
Who says you have to hit the gym regularly to sta
A pretty plate of food is definitely more attract
You either vouch for a low-fat diet or fight to k
Read More