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Sensex, Nifty remain under pressure
India, July 10 -- Indian equity markets remained under pressure in late afternoon session, mirroring weak European markets. Weakness also witnessed among broader indices which were losing more than half a percent, while Tata Motors performed the worst among all losers on the BSE. Traders were pessimistic with ratings agency CRISIL's latest report stating that corporate India is expected to register 5-6% revenue growth in Q1 (April-June) of 2019-20, the slowest pace in two years. It pointed out that the slow pace of revenue growth can be attributed to a broad-based slowdown in consumption, which has affected sectors such as automobiles and fast-moving consumer goods (FMCG). The street overlooked the latest finance ministry data report which ...
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