The Indian Equity Market To Be Influenced By Foreign Funds Flow And Us Monetary Policies
The Chief Marketing Strategist of Edelweiss Professional Investors Research told IANS: "The major trend
These data points are significant as the Reserve Bank in its last monetary policy kept lending rates intact thereby prioritizing rising inflation over grim economic growth. Next week the National Statistics Office is poised to release the macro-economic data point of Industrial production and consumer prize index on December 12.
Research Head of Motilal Oswal Financial Services Sidharth Khemka said: “We expect the inflation to remain close to or above 5 per cent by March 2020, which means that a rate cut in the next MPC in February 2020 is highly unlikely,”. Nifty has entered into a state of "engulfing bear" formation.