New Delhi, Oct. 14 -- Renewed trade tensions between the world's two largest economies have reignited risk aversion across global markets, and India was no exception, as the Nifty 50 extended its losing streak for a second consecutive session on Tuesday, October 14, slipping 0.32% to 25,145 after briefly retesting the 25,300 mark.
PSU banking stocks were the biggest casualties, with the index falling 1.52%, while selling pressure was also seen in consumer durables, metals, realty, and pharma stocks.
Although the domestic outlook remains resilient, supported by a GST-driven rebound in consumption and the gradual transmission of interest rate cuts, which are strengthening expectations of a corporate earnings recovery in the second half of...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.