Local equities continue sluggish trade in morning session
India, Dec. 3 -- Local equity benchmarks continued to show a sluggish trend in morning session, with losses of around quarter a percent, amid global market sell-offs as investors were concerned after the US decision to impose tariffs on Argentina and Brazil. Tata Steel emerged as the biggest loser with a slide over 3%, followed by Yes Bank, Tata Motors - DVR, and Vedanta. Investors remained jittery with a report that India's economic growth is expected to remain subdued in near future as the slowdown has deepened and is likely to remain extended for a longer duration than previously anticipated. Some concerns also came with a report that loan growth has been slowing sharply and remains the biggest problem for Reserve Bank of India (RBI) rat...
To read the full article or to get the complete feed from this publication, please Contact Us