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In near term Nifty is likely to continue remain volatile

In near term Nifty is likely to continue remain volatile

Dec 20, 2014, at 04:22 am

New Delhi, Dec 19 (IBNS) Nifty Future began the week with the gap down opening and extended its steep decline due to uncertainties in global markets, specifically Russia's currency crisis and falling crude oil prices, despite the fact that WPI inflation lowered in the previous month. But in latter part of the week market recovered triggered by signals from the Federal Open Market Committee that the US central bank isn't in a hurry to raise interest rates in the United States and on the hope that GST Bill would be tabled by the current government in this winter session.