Karnataka assembly polls to keep stock market on the edge
Among the major events, the US Fed kept the rates unchanged in its last week meeting and signalled to hike interest rate in the next meeting citing an increase in inflation. April goods and services tax (GST) collection stood at 1,03,500 crore post implementation of the e-way bill. The major automobile companies announced their April month sales number which grew by 14-16%
The market trend was subdued as firm crude price, rupee depreciating to near 67 level, fourth quarter results of Reliance, Castrol, HCL Tech, Hexaware disappointed the street. Image source: PTI