The article below represents a preview only and is not meant for reuse or republishing.
Markets likely to make cautious start of new week
India, Dec. 2 -- Indian markets ended lower on Friday as heavyweight auto, banking and IT stocks paced the declines amid concerns about India's economy. Today, the markets are likely to make a cautious start ahead of Manufacturing PMI data to be out later in the day. Investors will also be eyeing Services PMI data and outcome of the Reserve Bank of India's (RBI) policy meeting to be release later in the week. As per a private report said RBI may cut interest rates for the sixth straight time to support growth. There will be some cautiousness with the government data showing that the Gross Domestic Product (GDP) growth for the second quarter (July-September) of the financial year 2019-20 dropped to 4.5%, the weakest pace in more than six yea...
To read the full article or to get the complete feed from this publication, please Contact Us