Indian Stock Markets ended the week lower with BSE Sensex closing at 19429 and NSE Nifty closing at 5881. The markets are mainly following the trend in international markets. The closing of US Market on Friday was strong after the strong employment data helped the investor sentiment.

One major worry for Indian Finance Minister and RBI is the decline in Indian currency compared to US Dollar and Euro. Indian Currency is hovering around its all-time low against US dollar. The weak economic growth in India has led to further decline in valuation of Indian currency. This could further inflate the import budget of the country, leading to higher prices of petrol and diesel.

India has to show better growth prospectus and the government should take strong steps to make money easily accessible to business owners, which will lead to more investment and growth in the markets. If the credit remains difficult, most of the business owners will not be able to fund their expansion plans and growth will remain lower.

Gold prices gained some ground in India as the government increased the import duty by 2 percentage points to 8%. Gold settled the week at 27586.

Indian markets are expected to follow the trend in global markets next week as well. The last quarter results from most of the companies were positive and have met the expectations of the investors.