Market Round Up
July saw a big move in the Indian equity markets. The month started with NIFTY at 5312.05 and SENSEX at 17679.34. The Europe and United States gave contrasting signals on the outlook for the global economy, with the euro zone showing strength and U.S. reports reinforcing concerns about slower growth. The Federal Reserve eased the monetary policy further so that the budding U.S. economic recovery could be nurtured. Japan’s exports rose faster than economists estimated, sustaining a boost to the recovery. The recovery could be tempered as global growth cools and the yen strengthens. All the good news made the benchmark indices to touch their 52-week high of 5477.5 & 18237.56 on 23 July. The NIFTY closed the month at 5367.6 and SENSEX at 17868.29.
