D-Street dilemma: Cheer FPI surcharge removal or worry about US-China trade war?
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New Delhi, Aug. 24 -- It was turbulent week for the Indian stock market with hardly any positive triggers to buoy investor sentiment. Key benchmark indices the Nifty and the Sensex shed nearly 2% during the week.
Now that corporate earnings for the June quarter are out of the market's way, the focus has shifted to domestic and global macros. A slew of global central banks including the Reserve Bank of India (RBI) released minutes of their latest policy meetings. Some of them suggested the need for increased fiscal stimulus along with rate cuts to boost global growth.
But for investors in Indian equities, the highlight of the week was finance minister Nirmala Sitharaman announcing measures to boost liquidity and demand for ailing sectors...
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