Posted By : Kishore B.S
Markets continued its loosing spree even today, overall it has not been a positive week for the markets. Markets across the world were down due to Greece woes leading to the Dollar appreciation and Asian factors led to the fall today.
Indian Industrial Output data came in at -3.5% for the Month of March as against 4.1% for the month of February which added more negativity leading to the downfall upto 4900 levels on the Index. However after the downfall there was some recovery during the later session of the markets with the markets moving into the positive territory giving some fillip to the negative mindset.
The major cause of concern at this point of time for RBI and Indian Market apart from the sagging Growth is the Dollar Appreciation, with this we can expect the cost of electronic goods, precious metals, import cost of Crude to go up this will lead to lot of anxiety and negativism in the markets. Lets wait and watch what is the next step of RBI to curb the sliding of Indian Rupee and also the steps that would be taken to bring the Growth rate to 6% laid down during the Budget.
(Inputs Mr. Hemanth .V, Faculty TA, Stock Market Institute, Bangalore)