Business News Live: All-round selling in global market, decline may continue in Indian market

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Indian consumers are ready to spend more in this festive season

Spending of Indian consumers is expected to increase in this festive season. This conclusion has been drawn in a survey report by Deloitte. The report said that overall consumer spending will increase due to increase in expenditure on purchase of luxury products and festive season items. Deloitte’s ‘ConsumerSignals’ research states that almost half of the participants feel that they can easily handle unexpected expenses in the near future. It said that the confidence of Indian consumers is increasing as the festive season approaches. 56 percent of the people surveyed have indicated their readiness to buy festive items. The research said that during the festive season, consumer spending is likely to increase mainly on clothing, personal care products, entertainment etc. It said that these trends point towards increase in expenditure as the festive season approaches.

All-round selling in global market, decline may continue in Indian market

Today again a softening trend is being seen in the global market. GIFT Nifty is trading slipping. Whereas, Dow fell 370 points and Nasdaq fell 245 points. In such a situation, there is a possibility of the Indian market falling again. India’s entry in JP Morgan Global Bond Index, big deal in Glenmark-Nirma and sale of 75% stake in GLS are likely to act as major triggers for the market today.

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