Analysts attribute fears that the US economy might slow as reflected in the recent unemployment data, coupled with hints that Indian stocks are possibly highly valued as the reason behind the latest FPI sell-off.
The Indian rupee depreciated versus the US dollar on Monday to touch its all-time low, tracking global heavy selling in stock markets, over risks that the US may potentially slip into recession.
According to analysts, Indian stock markets experienced a sharp fall, tracking a sell-off in the US markets. Weak US manufacturing activity raised concerns that the economy might be slowing faster than anticipated.
Indian stock indices started Wednesday's session marginally higher, keeping the positive momentum intact for the fourth straight session, primarily tracking positive cues from the US markets which rose overnight.
Indian stock indices opened marginally in the green Tuesday, extending the positive momentum from the previous session closing, primarily due to fresh buying after the latest dip.
Analysts asserted that a strong US dollar, uncertainty in Lok Sabha elections outcome after a decreasing voter turnout trend seen so far in the three phases that went to vote, and a profit booking after the recent rally hurt the markets.
New Delhi [India], April 19: Gold prices renewed their all-time high last week, rising above $2,400. However, events in the Middle East at the end of the same week provoked a sell-off in the financial markets. Read the article to find out if gold will be a safe haven in times of geopolitical
The Indian stock markets closed on Tuesday with the third successive weak session in line with global market weakness after the escalation of the Iran-Israel conflict. The Nifty concluded 0.56% lower at 22,147.90, while the BSE Sensex ended 0.62% lower at 72,943.68 on Tuesday's trading sessi
Indian benchmark stock market indices traded marginally higher in Thursday morning session after a sharp slump in the previous session led by a broad sell-off.
Himachal Pradesh Cricket Association (HPCA) secretary Avnish Parmar said that the state cricket board will make counters to sell offline tickets of the upcoming ODI World Cup matches for the local fans.
In an open letter to the Union Government, KTR said that the Narendra Modi government's "evil plans" to sell off the VSP to private players, the reasons for the steel plant's losses, and ways in which the plant could be revived.