Indian shares fell on Monday, dragged by technology companies after top IT services provider Tata Consultancy Services missed estimates for June-quarter profit.
The sharp decline in prices of commodities, particularly of crude, metals, wheat and edible oil augurs well for inflation management in India. This means, RBI can afford to go a bit slow on hiking interest rates in India. This positive trend is likely to keep the domestic equity market resilient
|NIFTY Midcap 100||27908||+0.94%|
|NIFTY Smallcap 100||8813||+0.95%|
|USD / INR||79.42|
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― Bob Marley
Categories: Market Update