Indian stock indices were largely steady for the second straight day, primarily due to a lack of fresh bets at higher levels. Some investors who have recently accumulated gains could be booking their profits.
Several analysts have been pointing out that any further rally from the current peak seems unlikely as valuations were higher, and that is what seems to have been happening in the past two-odd sessions.
Indian stock indices started the new week on a steady note with investors largely eyeing May inflation data scheduled to be released this week for further course of action.
New Delhi [India], September 23 (ANI): Indian stocks extended their losses from the previous session and declined further on Friday morning following the latest policy rates hike by the US Federal Reserve in its fight against high inflation.
New Delhi [India], January 10 (ANI): High inflation and COVID-19 new variant Omicron have made the outlook for emerging markets like India more uncertain. Another big challenge for the emerging economies would come from the policy rate hike from the United States Federal Reserve.