India Micro-Caps Defy Hazy Macro With Breakout Signal

India Micro-Caps Defy Hazy Macro With Breakout Signal The Bloomberg India Micro Cap Index has formed a technical signal watched by traders. This article is for subscribers only. Good morning... I’m Chiranjivi Chakraborty in Mumbai, keeping one eye on markets and the other on the rain gods. For the first time since early March, front-month Brent crude dropped below $80 a barrel — easing some of the pressure on bond markets and providing further relief for energy importers — including India, of course. Yields on government securities are close to their lowest level in three months as inflationary pressures subside. The rupee managed to nudge through its 50-day moving average against the dollar yesterday, and currency traders will be on alert for any cues emerging from the Group of Seven summit in France, which Prime Minister Narendra Modi is also attending. [Image text:] NIFTY Stockofthenation