1:00pm: Indian markets are trading
marginally lower, tracking cues from their Asian peers, after it emerged Japan
had plunged into a recession following two straight quarterly declines in GDP.
At the
time of writing, the BSE Sensex has down 0.22 percent, or 62 points, to 27,985
points while the NSE Nifty is off 0.27 percent, or 22.5 points, to 8,368.
In Asia, the Nikkei closed about 3 percent down, while the Hang Seng and Shanghai Composite lost 1 percent and 0.2 percent in late trading. We wrap up this update with a Marketwatch piece on the global bull market under way since 2009, that reads thus:
The long
rally has done wonders for my portfolio’s value. But it also means stocks are
now more richly valued—and expected returns are lower. Unless you never again
plan to add to your stock portfolio, you should have mixed feelings about the
market’s heady gains.”
No comments:
Post a Comment