FIIs to set the tone for near-term direction
Amid weak global cues including concerns over higher interest rates, Chinese slowdown, rising inflation, weakening currency and higher bond yields; Indian equity market witnessed selling for the fourth consecutive week, a first in last 15 months.
Markets looking jaded, may lead to a breakdown sooner or later
Markets continued to drift downwards and lost ground once again on a weekly basis. They lost on two of the four trading sessions of the truncated week which had Independence Day as the holiday.
