{LONGTERMINVESTORS} India Infoline Weekly Newsletter - March 01, 2016

 

Despite being a truncated week with lack of triggers, the Indian equity market extended its winning streak to fourth consecutive week. Equity market chose to put up some resilience following a terror attack; this time on the airport and a rush-hour metro train in Brussels. Strengthening Indian rupee against the US Dollar and constant FIIs inflows have seen indices log smart gains.

Meanwhile, India's current account deficit narrowed to 1.3% of the gross domestic product (GDP) in the fiscal third quarter, from 1.5% in the year earlier. India's current account deficit (CAD), fell to US$7.1bn in the Oct-Dec quarter of 2015. In the July-Sep quarter in 2015, it stood at US$8.7bn. 

Banking, realty and auto stocks were in action ahead of the RBI move early next month. However, FMCG index edged lower by half a percent. The metals, Infra and Mid-cap index were among the other major gainers.

 

Click below for the India Infoline Weekly Newsletter:

http://www.indiainfoline.com/article/news-top-story/core-sector-grows-5-7-in-feb-govt-allows-100-fdi-in-online-marts-and-the-week-that-was-116040100571_1.html

 

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