Global cues, corporate profits to drive markets
Post RBI policy and GST roadmap clear, markets are will focus on growth in corporate earnings and global cues for direction
Puneet Wadhwa |
Last Updated at August 9, 2016 23:00 IST
With the Reserve Bank of India (RBI) keeping key rates unchanged in the third bi-monthly monetary policy review for 2016-17, and the road ahead for the implementation of goods and services (GST) Bill clear now, the markets are likely to shift their focus to growth in corporate earnings (profits) and global cues.
Also Read: Rajan unlikely to surprise at his final policy meeting Since the presentation of the Union Budget in February, the Nifty 50 index has surged nearly 23 per cent to reclaim 8,700 levels, aided by positive global and domestic factors. On Tuesday, the markets ...
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard
First Published: Tue, August 09 2016. 22:49 IST