HomeNewsBusinessMarketsPeople finding safety in developed markets now, says Udayan

People finding safety in developed markets now, says Udayan

The weekend petrol price hike and weak global cues saw the Nifty close on Monday a tad below the 5,500 level. CNBC-TV18's managing editor Udayan Mukherjee says, "Don’t expect great cues from the global side as we wade into the second day or what has started off as a tricky session for the stock market."

May 17, 2011 / 13:11 IST
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Negative global newsflow has left investors worried about the condition of financial markets across the world. The US markets slid as technology stocks appeared worn out over the impending eurozone crisis which seems to be going nowhere except downhill. The euro gained from the lowest level versus the dollar in almost seven weeks as European finance ministers tackled the messy sovereign bailout along with reported charges of attempted rape against the International Monetary Fund

first published: May 17, 2011 09:18 am

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