World Share Market Performance During the Week
Ended 22th April, 2017
Indian stock markets closed lower by 0.3% over
the last week. (Week Ended 22th April, 2017) IT and Pharma stocks dragged the markets
lower due to global factors currently affecting these two sectors.
Recent
protectionist policies hinted by US and other global leaders could see IT stocks remaining subdued
in the near future.
Meanwhile, the World Bank in latest report has stated that India's GDP is expected to see uptick from 6.8% in 2016-2017 to 7.2% by current fiscal year and rise further to 7.5% in 2018-19 fiscal.
Meanwhile, the World Bank in latest report has stated that India's GDP is expected to see uptick from 6.8% in 2016-2017 to 7.2% by current fiscal year and rise further to 7.5% in 2018-19 fiscal.
It also forecasted that India's
economic growth will rise slowly to 7.7% in 2019-2020 supported by a recovery
in private investments.
From
The 5 Minute WrapUp
5minwrapup@equitymaster.com
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