CNBC-TV18 Consulting Editor Udayan Mukherjee talks about the breadth of the current market rally, which is driven mainly by global and institutional investors.
While the Friday announcements are a disservice to the market, CNBC-TV18 Consulting Editor Udayan Mukherjee is of the view that instead of a rally, the government’s announcements would have diminishing marginal utility.
CNBC-TV18 Consulting Editor Udayan Mukherjee explains how the market may play out in different scenarios like the formation of a coalition government or BJP coming back to power with a majority.
Organisation for Economic Cooperation and Development predicted global growth of 3.5% in 2019 as compared to 3.7% estimated earlier