Mumbai: The nervousness continues. Apart from the concerns surrounding oil, shaky economic data from the US and China added to investor fears.
US unemployment numbers were disappointing showing a 20,000 rise, while China’s trade deficit% ballooned in February. Consequently, the Indian benchmark indices opened weakly. The drop in local food inflation and the better than expected trade numbers for February haven’t assuaged fears that growth might slowdown in the next fiscal.
Sensex 18250.39, 0.42%
Nifty 5468.05, 0.48%
Brent Crude $115.2 - flat
Watch out for IIP numbers that will be released in a couple of hours.