The Nifty and the Sensex reversed direction, sending bearish message to investors

The domestic equity markets were weak last week as the bellwether indices plunged due to concerns overfiscal deficit and rising crude oil prices. The data realised last Thursday reported that the India's gross domestic product rose 6.3 per cent in July-September quarter, which was in line with expectations. But the fiscal deficit reaching 96 per cent of the budgeted target for the fiscal year end...