Falling Rupee, Fear of US fed may trim Stimulus, Fear of RBI may not Cut Rates made nifty to crack nearly 140 Pts on friday.
Though GDP data, which came largely in line with expectations. India's economy grew 4.8 per cent in the fourth quarter, compared with 4.7 per cent in the previous quarter. But GDP data pointed to a protracted weakness in economic growth. Also portfolio shuffling by foreign institutions ahead of changes on MSCI India index also contributed to the Fall.
Demand in the economy remained low, as private final consumption expenditure rose just 3.81 per cent in the fourth quarter, against 4.15 per cent in the previous quarter. Also, gross fixed capital formation, a proxy for investment rate, grew just 3.43 per cent, against 4.5 per cent in these two quarters.
Planning Commission Deputy Chairman Montek Singh Ahluwalia said: "I think there is evidence that the economy has bottomed out but we don't yet have evidence of strong recovery."
>>> Nifty - Daily <<<
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As Said last week, there is no change in the view.
>>>> Nifty - 5 Mins Chart <<<<
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Nifty completed wave B and started Wave C as shown on chart. So more fall coming next week also.
>>> Sbin - as on Last Weekly Review <<<
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>>> Sbin - Happened and Yet to <<<
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As said last week sbi broken down 2093 and confirmed the downside.
>>>> Bank Of India - Updated Last Weekly Review <<<
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>>>> Bank Of India - Happened and Yet to <<<
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Broken the Neck line..
>>> IbRealEst <<<<
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More fall coming on Ibrealest...?
>>> Performance <<<
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