The e-commerce giant announced Tuesday it will invest an additional $3 billion into its India operations, bringing its total investment in the country to $5 billion.
Ramesh Damani, Member of BSE says there is nothing untoward happening right now that would suggest that the Sensex may not touch 21,000 in the near future.
Dr Andrew Freris, senior investment strategist at BNP Paribas Wealth Management, in an interview with CNBC-TV18’s Latha Venkatesh and Anuj Singhal, compares India with other Asian markets and talks about how fund flows have been affected in the movement towards developed markets.
The markets closed last week on a disastrous note. The Sensex nosedived close to 500 points while the Nifty ended at 5,904. For the week, the key indices closed down 4%.