US FED QE TAPERING IMPACT ON INDIAN STOCK MARKET
After the US Federal Reserve announced tapering of quantitative easing from January.
There are concerns that the tapering would result in depreciation in the Indian currency and lesser FIIs inflow, the main driver of rally in the Indian equities.
The US Federal Reserve has cut monthly quantitative easing by $10 billion to $75 billion from January and gave hints that the interest rates will be hiked in 2015.
Major Impact on Indian tech companies Infosys, wipro, TCS and Techmahindra. These companies
shares rose due to depreciation in the Rupee.
Infosys crossed 2 lakhs crore market capitalization on Thursday. But Indian stock market become
strong after RBI governor keep policy rates unchanged.