Markets: Eerie calm

Markets: Eerie calm

it is not clear when market sentiment can change; as in the past, it can be quite sudden.
At a turn and yet not

At a turn and yet not

RBI could be tempted to cut policy rate to support growth at its bi-monthly review.

JP Morgan downgrades Indian shares, upgrades China

Aug 20 2013, 10:11 IST
Comments 0
SummaryThe brokerage adds it is late in downgrading India, but if the rupee continues to slide it would continue to underperform.

J P Morgan has downgraded Indian shares to "neutral" from "overweight", citing strain in balance of payments, while upgrading China shares to "neutral" from "underweight".

The brokerage adds it is late in downgrading India, but if the rupee continues to slide it would continue to underperform.

Citi also lowered its target for India's benchmark index to 18,900 from 20,800, citing increasing uncertainty after the rupee's slide despite Reserve Bank of India's measures since mid-July.

Ads by Google
Reader´s Comments
| Post a Comment
Please Wait while comments are loading...