Weak trade prevails in afternoon deals
India, Dec. 3 -- Indian equity benchmarks continued their weak trade in the afternoon session, on account of selling by investors in the blue-chip counters amid subdued cues from the global front. Sentiment remain dampened as Crisil has sharply cut India's Gross domestic product (GDP) growth forecast to 5.1% for the current financial year (FY20) from an earlier estimate of 6.3%. Traders even overlooked Finance Minister Nirmala Sitharaman's statement that the government is open to further reforms for making India a more attractive investment destination. She also said the government has taken various steps, including reduction of corporate tax. On the sectoral front, steel sector remained in focus after Moody's Investors Service said that In...
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