Published on 11/01/2018 12:10:31 PM | Source: IIFL Ltd

The Market settled flat on Wednesday with a negative bias - IIFL

Posted in Market Outlook| #Market Outlook #IIFL

The market is getting a bit cautious as corporate results are set to roll in. TCS numbers will be eyed by investors while companies like Shree Cement and IndusInd Bank also have their earnings announced today. The government has moved a step further to put India on the global investment map and facilitate the ease of doing business. The Union Cabinet has allowed 100 pc FDI in single brand retail and construction under automatic route, while permitting foreign airlines to invest 49 pc in Air India via government route. The outlook is a tentative start. Global markets are subdued. The market settled flat on Wednesday with a negative bias. Crude oil prices hitting three-year highs are adding to the woes. Britain's trade deficit has risen to a 5-month-high, as concerns over Brexit are on the near horizon.

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