Indian shares to remain under pressure this week
Monday, 6 October 2008
MUMBAI, Oct 4 (AFP): Indian shares are expected to remain under pressure this week due to uncertainty over the revised bailout package for the troubled US financial sector, dealers said.
The possibility of more global banks running into trouble had not been ruled out and this continued to impact local banking and finance shares despite the limited exposure of Indian banks to US-linked credit, dealers said.
Sentiment also remained weak on concerns about margins for India companies which report quarterly earnings later this week.
The possibility of more global banks running into trouble had not been ruled out and this continued to impact local banking and finance shares despite the limited exposure of Indian banks to US-linked credit, dealers said.
Sentiment also remained weak on concerns about margins for India companies which report quarterly earnings later this week.