Today, Indian shares saw volatile trade as wary investors shied away from risky bets on fears that a rate cut in China was not enough to stabilise its steady economy or halt a collapse in stocks.
Chinese markets were unimpressed with the central bank's strong monetary easing measures announced on Tuesday night, believing much more official support is needed, and traders said shares remained vulnerable to another sell-off.
Indian stocks are assumed to remain volatile ahead of the August month derivatives contracts expiry on Thursday.People are confused, it shatters the confidence. After a massive earthquake, you feel tremors for a few days, said by G. Chokkalingam, founder of Equinomics, a Mumbai-based research and fund advisory firm.
Chinese markets were unimpressed with the central bank's strong monetary easing measures announced on Tuesday night, believing much more official support is needed, and traders said shares remained vulnerable to another sell-off.
Indian stocks are assumed to remain volatile ahead of the August month derivatives contracts expiry on Thursday.People are confused, it shatters the confidence. After a massive earthquake, you feel tremors for a few days, said by G. Chokkalingam, founder of Equinomics, a Mumbai-based research and fund advisory firm.
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