It is not yet a time to rejoice on the rally that the market is seeing. Experts feel that this is a pure relief rally and will lose steam soon. Global cues too indicate a week economy.
Marc Faber, Editor and Publisher, The Gloom, Boom & Doom Report, is cautious on global markets. In an interview to CNBC-TV18, he warned that markets are likely to see a rough period in Sep-Oct. Weakening of commodities prices reflects global slowdown and Faber said that it is poised for further downfall. The only relief, however, according to him, is that oil prices is unlikely to collapse.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
