“Rapid Inflation” And Another “Possible Economic Shutdown” Spooks The Market. Mannarino
by mosesman
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“Outcome of Fed policy meeting will equally be important for domestic markets in the near term as this can potentially influence foreign institutional investors (FIIs) flows into equities and Indian currency. However, India continues to remain as the most preferred destination for investors on better growth prospects,” Binod Modi, Head Strategy, Reliance Securities said. Modi feels that mounting concerns about higher inflation, bond yields and recent spike in new covid-19 cases in select states have weighed on investors’ sentiments. Economists at Nomura believe that the second wave of covid-19 in India can lead to near-term growth concerns and delay market expectations on the timing of policy normalisation. “However, we expect only marginal negative growth effects, because government restrictions are less stringent, the goods sector continues to chug along and households and businesses have adjusted to the new normal,” Sonal Varma and Aurodeep Nandi, economists, Nomura said in a note on 16 March.
“Outcome of Fed policy meeting will equally be important for domestic markets in the near term as this can potentially influence foreign institutional investors (FIIs) flows into equities and Indian currency. However, India continues to remain as the most preferred destination for investors on better growth prospects,” Binod Modi, Head Strategy, Reliance Securities said. Modi feels that mounting concerns about higher inflation, bond yields and recent spike in new covid-19 cases in select states have weighed on investors’ sentiments. Economists at Nomura believe that the second wave of covid-19 in India can lead to near-term growth concerns and delay market expectations on the timing of policy normalisation. “However, we expect only marginal negative growth effects, because government restrictions are less stringent, the goods sector continues to chug along and households and businesses have adjusted to the new normal,” Sonal Varma and Aurodeep Nandi, economists, Nomura said in a note on 16 March.