Fund managers and analysts who spoke to ET over the weekend expect the Sensex and Nifty to decline 5-10% by October, depending on the extent of the bounce in the dollar and US 10-year yields-both considered key signals for foreign money flows.
Centre to impose stock limits on tur and urad dal till October 31
The move has come after the price of tur and urad saw a sharp jump in prices this week. The prices of the two commodities