Nifty manage to end in green zone
India, Jan. 14 -- The local benchmark -- Nifty -- finished the Thursday's trade in positive territory. Market made negative start, as Fitch Ratings said that the Indian economy will suffer lasting damage from the coronavirus crisis and after an initial strong rebound in FY22 (fiscal year ending March 2022) growth will slow to around 6.5 per cent a year over FY23-FY26. Fitch said India's coronavirus-induced recession has been among the most severe in the world, amid a stringent lockdown and limited direct fiscal support. However, market entered into green zone to trade near neutral line, as traders found solace with private report that economic activity continued with its pace of normalisation and the festivities helped narrow the deficits a...
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