Why Indian Equity Market, Sensex Slipped 500pts
1. Concerns over P-Notes:
Supreme Court-appointed SIT on Friday asked Sebi to compulsorily identify real owners of foreign funds coming through P-Note route and also prosecute those using equities for tax evasion.
2. China Stocks Sink:
Shanghai Composite Index plunged 8.5 percent at the close, Most Since 2007.
3. FOMC Meeting:
Financial Markets across the globe are keep watch on upcoming US FED meeting that might take another small step toward lifting U.S. interest rates..
4. Parliamentary logjam:
The first week of the monsoon session of parliament has been a complete washout.
5. Q1 corporate earnings:
Disappointed earnings from key heavyweights also dented sentiment in Indian Equity Market.
1. Concerns over P-Notes:
Supreme Court-appointed SIT on Friday asked Sebi to compulsorily identify real owners of foreign funds coming through P-Note route and also prosecute those using equities for tax evasion.
2. China Stocks Sink:
Shanghai Composite Index plunged 8.5 percent at the close, Most Since 2007.
3. FOMC Meeting:
Financial Markets across the globe are keep watch on upcoming US FED meeting that might take another small step toward lifting U.S. interest rates..
4. Parliamentary logjam:
The first week of the monsoon session of parliament has been a complete washout.
5. Q1 corporate earnings:
Disappointed earnings from key heavyweights also dented sentiment in Indian Equity Market.
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