Market View - April 16, 2018 - Mr. Abhijeet Dey, Senior Fund Manager-Equities, BNP Paribas Mutual Fund

Markets in India opened with a gap down as they followed the negative tone set by their Asian peers. Asian and European markets were somewhat benign today as investors assessed the airstrikes against Syria over the weekend and the potential global impact of the same. However, a bout of volatility and some stable macro-economic updates later, benchmark indices in India regained lost ground to finally close the day with gains of over 0.30%. On the macro front, the annual rate of inflation, based on monthly Wholesale Price Index (WPI), stood at 2.47% yoy (provisional) in March 2018 as compared to 2.48% (provisional) for the previous month and 5.11% during the corresponding month of the previous year. Barring PSU banking and Information Technology (IT), all other sectoral indices on the National Stock Exchange (NSE) traded with gains.

Source : Equity Bulls

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