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Global cues, political instability expected to dent equity indices

March 17, 2018 robert Leave a Comment

Volatility may persist in the key Indian equity indices, as global cues -- prospects of trade wars, the rise in US interest rates -- and fears of domestic political instability are expected to dent investors' risk-taking appetite, market observers opined. "Markets would continue to face headwinds from the evolving political scenario domestically and the prospects of a trade war globally," Devendra Nevgi, Founder and Principal Partner, Delta Global Partners, told IANS. "Mixed macros data (points), fiscal year-end issues, higher IPO supply will keep the markets capped and range-bound, with lower bias." According to Vinod Nair, Head of Research at Geojit Financial Services: "The long-term outlook for the domestic market continues to be strong. However, raising concerns of global trade headwinds, domestic NPA issues and upcoming state elections will keep the market in tenterhooks." "Currently, the market is finding it difficult to stay float at support levels as volatility in global market … [Read more...] about Global cues, political instability expected to dent equity indices

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