INSUBCONTINENT EXCLUSIVE:
Analysts expect the markets to clock some recovery in the coming week
Domestic equity markets fell
on four out of five sessions in the week to July 26, with the benchmark indexes closing over 1 per cent lower
The S-P BSE Sensex shed 454.22 points and the broader Nifty50 gave up 134.95 points to register a weekly fall of 1.18 per cent each and
finish at 37,882.79 and 11,284.3 respectively on Friday
Concerns about economic growth and continued foreign fund outflows impacted the markets, say analysts
On the last day of the week, both the indexes broke their six-day losing streaks - the longest stretch of losses in more than two months
Here are 10 things to know about the weekly movement in the markets:During the week, the International Monetary Fund (IMF)
slashed its growth projections for the Indian economy for current and the next year.The economy is set to grow 7.0 per cent in 2019 and 7.2
per cent in 2020, the IMF said, which meant a downward revision of 0.3 percentage points for both years.According to analysts, the
government's decision of higher taxes on the super rich announced in the Budget and mixed corporate earnings affected investors'
sentiment."Though markets ended with the third consecutive week-on-week loss on July 26, the rate of fall has reduced over the last three
sessions and in fact the markets ended in the positive on last Friday," news agency Indo-Asian News Service quoted Deepak Jasani, head of
retail research at HDFC Securities, as saying.During the week, heavyweights such as Kotak Mahindra Bank, Hindustan Unilever, Larsen -
current financial year.Foreign portfolio investors (FPI) pulled out a net $967.04 million (Rs 6,670.47 crore) out of the equities during the
week, data from depository NSDL showed
They had withdrawn $401.28 million (Rs 2,758.35 crore) on a net basis the previous week.Analysts expect the markets to clock some recovery
in the coming week but also warn that some volatility cannot be ruled out."This positive momentum could continue early next week with US Fed
meet outcome (on July 31) and corporate results impacting further momentum in the markets," Mr Jesani added.The rupee depreciated by by 9
paise against the US dollar for the week to settle at 68.89 on Friday, amid a rise in international crude oil prices and a strengthening
dollar.Brent crude futures, the global benchmark for crude oil, advanced by $0.99 a barrel - or 1.58 per cent - for the week to settle
The dollar index - which gauges the currency against six major peers - rose 0.96 per cent during this period.(With inputs from agencies)Get
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