"Overall sentiment in the domestic market has been down because of constant foreign fund outflows and inflationary pressures. It's difficult to see an upside for markets from here," said Samrat Dasgupta, chief executive officer at Esquire Capital Investment Advisors.Foreign investors have sold a net $4.79 billion worth of Indian equities so far this month, compared with $1.79 billion worth net offload in the same period last month, Refinitiv data showed.
"Inflation is a concern globally and the Fed is saying that they won't hesitate to raise rates to keep it down. But the market will be watching the numbers till they start easing out and until then, there will always be this overhang," Dasgupta said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Indian shares fall for second straight day as IT stocks dragIndian shares settled lower for a second straight session on Tuesday, pressured by losses in IT heavyweights, while sugar companies plunged on media reports that the world's biggest producer planned to curb sugar exports.
Source: Reuters - 🏆 2. / 97 Read more »
Indian Titles ‘Lalanna’s Song,’ ‘Dhuin’ Acquired for North America at Cannes Market (EXCLUSIVE)Deaf Crocodile Films and Gratitude Films have acquired Indian films “Lalanna’s Song” and “Dhuin” for North American distribution. The deals were completed during the C…
Source: Variety - 🏆 108. / 63 Read more »
Globally Feted Indian Doc Makers Mull Ways of Expressing Dissent at Cannes MarketThe cream of the current crop of young Indian documentary filmmakers were on fire during the annual Doc Day at the Cannes Film Market, discussing ways of expressing dissent within India’s cur…
Source: Variety - 🏆 108. / 63 Read more »
Indian shares fall for second straight day as IT stocks dragIndian shares settled lower for a second straight session on Tuesday, pressured by losses in IT heavyweights, while sugar companies plunged on media reports that the world's biggest producer planned to curb sugar exports.
Source: Reuters - 🏆 2. / 97 Read more »