Key benchmark indices mirrored decline in global stock markets on rising doubts about US President Donald Trump’s ability to deliver his economic agenda. The barometer index, the S&P BSE Sensex, fell 270.78 points or 0.85% to settle at 31,524.68. The Nifty 50 index fell 66.75 points or 0.67% to settle at 9,837.40. Bulk of today’s steep market slide was triggered by a sharp slump in index heavyweight and IT major Infosys. Quarterly earnings of India Inc, progress of monsoon rains, trend in global markets, investment by foreign portfolio investors (FPIs) and domestic institutional investors (DIIs), the movement of rupee against the dollar and crude oil price movement will dictate trend on the bourses in the truncated trading week ahead. On the global macro front, Markit Economics will announce Nikkei Manufacturing PMI Flash for August. Domestic stock markets remain closed on Friday, 25 August 2017 on account of Ganesh Chaturthi.
Related tags :