Benchmark Equity Indices

Why is it in the news
  • Indian benchmark equity indices lost ground for the sixth consecutive session.
  • The reasons cited are a mix of global and domestic factors made investors jittery even as foreign investors turned net sellers in the last few trading sessions.
More in the news
    • Global Factors:
      (1)The escalation of U.S.-China trade war has led to a selling spree across equity markets globally.
      (2) Meanwhile, global markets continued to trade weak with the benchmarks of China, Hong Kong, Japan, Taiwan and Indonesia all ending the day in the red.
      • Domestic Factors:
        (1) On the domestic front, a largely lacklustre corporate results season has made investors cautious ahead of the election results.
        (2) The rupee fell against the dollar for the third consecutive session amid escalating the U.S.-China trade tensions and sell-off in the domestic stock market.
        (3) The rupee dropped 28 paise against the dollar on Wednesday to close the day at 69.71.
      Source
      The Hindu.




      Posted by Jawwad Kazi on 9th May 2019
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