Sandip Sabharwal highlights the unexpected de-linkage of Indian markets from global trends, noting a significant sell-off in various segments without major global events to justify it. He emphasizes the potential for recovery in large caps and NBFCs, while also pointing out that Indian markets appear oversold and relatively cheap, suggesting a cautious optimism for future performance.
about Indian Markets Show Surprising De-linkage from Global Trends Amid Sell-offAxis Bank
0 in Finance and 0 in Crypto last weekIndian Market Declines Amid Earnings Concerns and Global Economic Uncertainty
The Indian market closed lower on Friday, reversing early gains due to concerns over a potential slowdown in corporate earnings, despite optimism from lower U.S. interest rates and falling oil prices. The BSE Sensex fell by 329.92 points to 76,190.46, while the Nifty 50 dropped 113.15 points to 23,092.20, driven by sell-offs in pharma, real estate, and auto sectors. Market sentiment remains bearish, with 3,001 stocks declining out of 4,059 traded on the BSE.
about Indian Market Declines Amid Earnings Concerns and Global Economic UncertaintySensex Plummets Over 1000 Points Amid Global Market Turmoil
The Sensex plummeted by over 1,000 points, closing at 76,330, driven by unfavorable global cues, significant FII sell-offs, and a historic low for the rupee against the dollar. Rising Brent crude prices raised inflation concerns, while anticipation of a less favorable Union Budget added to market anxiety.
about Sensex Plummets Over 1000 Points Amid Global Market Turmoil