Weekly recap: Markets close lower for the day; Nifty posts weekly loss of 0.27%

Let us take a glimpse into what happened in markets over this week.

Feb 20, 2020 03:02 IST India Infoline News Service

Markets witnessed range bound tradiing for the second week in a row. Nifty ended with a weekly loss of just 0.27% whereas Bank Nifty has ended 0.35% higher.

Further, novel coronavirus to have lesser impact on Indian economy as compared to Chinese or global economy: RBI Governor.

The global rating agency Moody’s has reduced India’s GDP growth projection to 5.4% for the year 2020 due to rapid deceleration of country’s economy in the last two years.

Consumer durable growth has witnessed an uptick in the last quarter of the FY20. The demand for consumer goods like refrigerator, ACs have not witnessed correction despite the economic slowdown.  

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