It is an important day for the Indian market...

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It is an important day for the Indian market...

Post  RaahiShah on Wed Jul 11, 2012 3:03 pm

It is an important day for the Indian market, as earnings season officially kicks off with private sector lender HDFC reporting its Q1FY13 numbers today. Experts do not have high hopes from India Inc this time round due to faltering global economic growth and domestic macro concerns, however, they believe this is already priced in by the market.

US markets finished lower in volatile trade, dragged down by slowing economic growth and profit warnings from companies. European markets on the other hand bounced up from a technical support level to end higher, boosted by the perception that the euro zone is moving closer to putting its rescue fund into action. Asian markets today opened with a negative bias, as growth concerns continue to haunt investors.

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