Sensex this week

India’s Sensex lost about 10% in 5 sessions of this week. The much anticipated budget didn’t go aggressive enough to make the market react positively.

In this backdrop, it will be interesting to see how the companies react. Even though the bad news in Indian markets is not that much, I feel several companies are holding up bad news anticipating a quick turnaorund. With the markets being not so positive after the budget, it will be interesting to see how these companies would react now. Needless to say, the market trends in India are mixed. Car/Bike sales are up, apparel spending is down, FMCG sales are flat or postive, etc. Interesting to see how companies in each of these segments react now.

Published
Categorized as Economy

By Raju Alluri

Blogging on my personal site since 2006, I try to cover both personal and work related events and thoughts in this blog. You can reach me on Instagram, Facebook or Twitter.

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