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Below is Perspective on Market by Dr. Joseph Thomas, Head of Research, Emkay Wealth Management.

“ The domestic equity market moved very much in tandem with the movements in the global markets, especially the US markets. The rise in the Dollar Index, and the fall in the Japanese Yen , and the exit of the ruling Tory government were some of the developments which were of some import for the markets. The Rupee declined beyond the Rs.83 level against the US Dollar but the reported RBI intervention pushed the rate down below the crucial Rs.83 level. With the holiday season at the doorstep, most of the movements would continue to be determined by the  overseas developments.”

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