Despite a nascent recovery in Indian markets, it’s important to highlight that foreign institutional investors (FIIs) have kept up their selling trend in the first two weeks of March. However, this was followed by an emphatic consensus that the sell-off is slowing, something which Indian investors can hang on to. With a little bit of…
READ MOREIndian equity indices opened in the red on Friday, snapping a four-session gaining streak, dragged by IT stocks amid concerns over discretionary spending in the U.S.The BSE Sensex was down 114 points, or 0.15%, at 76,234, while the Nifty50 slipped 14 points, or 0.06%, to 23,176 around 9:19 am. The Nifty IT index dropped over…
READ MOREIndia’s IT sector is in turmoil, with stocks plunging up to 33% from their peaks as mounting recession fears in the US, downgrades, and target price cuts rattle investors. The top 10 IT stocks have collectively lost Rs 88,000 crore in market value, dragging the Nifty IT index deep into bear territory. Tata Consultancy Services…
READ MORE