India’s ‘Macro Concerns’ Will Hold Nifty Below 11,000, CLSA Says

Gold Silver Reports (GSR) – India’s ‘Macro Concerns’ Will Hold Nifty Below 11,000, CLSA Says – NSE Nifty 50 Index won’t cross the 11,000 level in 2018 as concerns about the revenue and fiscal deficits, higher oil price and inflation, new taxes on equity gains and political uncertainties will continue to linger on and impact returns, CLSA India Pvt. said in an investor note Monday.

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Demonetiser

GST May Lead to Inflation in the Short Run

Gold Silver Reports — The government may see a revenue loss of around `1 lakh crore and some jump in inflation in the coming year due to goods and services tax (GST), Thomas Isaac, Kerala’s finance minissaid on Thursday.     

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Pound Falls Even as Inflation Rises

Gold Silver Reports — The pound fell even as a report showed that the UK’s annual in flation rate accelerated more in June than economists forecast, with traders awaiting the first data that indicate the state of the nation’s economy. Sterling weakened versus all except two of its 16 major …

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