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Dear Investor,
The month of June has been
favourable for Indian equities.
Robust industrial production
figures followed by an
overwhelming response to the
Broadband wireless access
auctions helped the market gain
momentum. The latter is expected
to reduce pressure on fiscal
deficit to some extent. Globally
equities registered a fall in
June. The weak economic data
points from the US and the
continued concern of European
debt crisis hampering world
economic growth impacted the
markets.
The Government’s move to
de-regulate petrol prices and
its intention to de-regulate
diesel prices also, along with
the raising of kerosene prices
after 8 years, shows its
intention to move on the path of
fiscal consolidation. | 
Knowledge Center
