India's market mood stays cautious, with headlines dominated by domestic politics, from campus protests and electoral roll disputes to a planned three day nationwide bank strike at
India's market mood stays cautious, with headlines dominated by domestic politics, from campus protests and electoral roll disputes to a planned three day nationwide bank strike at month end that could disrupt services. Trade and diplomacy remain in focus as the foreign secretary meets a US delegation amid concerns over a Russia sanctions law, while a sunflower oil import duty cut carries a clear Russian backdrop. Sentiment abroad offers some encouragement, with a Swiss luxury watchmaker's chief calling it the right time to invest in India, though that optimism has yet to show up in local price action.
Sources
Ezbrisk weighs each event against the market reaction and publishes a verdict with an overreaction reading. How the methodology works