While the Indian stock market slipped
434 points on the week end Friday, driven by heavy selling in banking
stocks, after the RBI’s repo rate cut, the European markets went
up ahead of Unveiled States jobs data due to be unveiled later
The FTSE-100 index traded up by 0.41%, CAC40 of France went up 0.19%, while DAX of Germany rose0.07%. Asian equity markets finished mixed with the Nikkei-225 up 0.32%, and the Hang Seng down 1.11%.
The Chairman of Federal Reserve Jerome Powell is expected to address after the US job data is announced. The report will be helpful set the course for the Federal Reserve regarding future rate cuts.
Back home, the Indian market benchmarks extended their two weekly consecutive declines. For the week, the 30-scrip Sensex closed down by 2.57 percent, while the NSE Nifty index was down by 2.61 percent .
For the week ahead, Indian market will track on Macro-economic data, global market trends, movements in crude oil and rupee with dollar as well as inflows from FPIs/DIIs. For Free equity commodity tips visit our website.