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Benchmarks likely to make cautious start on Wednesday
India, Oct. 9 -- Indian markets before going for a holiday fell for the sixth straight session on Monday, dragged down by profit-booking in select IT, banking, pharma and FMCG stocks. Today, the markets are likely to make a cautious start tracking lackluster global cues amid Indian economy growth concerns. Markets remain closed on Tuesday on account of Dussehra. Traders will be concerned about the Reserve Bank of India's (RBI) statement that the Indian economy which has largely been subdued in the past few quarters and signs of a slowdown have cropped up, is likely to face several more risks in the near term. There will be some cautiousness with report that India has moved down 10 places to rank 68th on an annual global competitiveness inde...
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