``Stock market is not the sole indicator of Indian Economy''
New Delhi, Mar 14 Noting that the Indian stock market volatility was reflecting the global developments, finance minister P Chidambaram on Friday said the stock market is not the sole indicator of India's Economy.
``Indian stock market is likely to remain volatile. Q312 results are about to out and it is likely that the market may decide its course according to the declared figures by different companies of all the sectors. Geopolitical tensions in Iran will have a impact on the share prices of the Indian Oil and gas companies. Moreover, international markets issues remain one of the major factor in deciding the course of the markets. The Indian currency movement is also one of the important thing needed to be closely watched,`` said Microsec Research.