The Nifty IT index declined 3.5% on Monday, its highest decline in two-and-a-half months after the US Federal Reserve Chairperson Jerome Powell on Friday emphasized that the central bank’s priority remains controlling inflation even if higher interest rates lead to lower economic growth.
Why FIIs are dumping bluechips to hunt small & midcaps
Foreign institutional investors are shifting their focus from India’s top blue-chip stocks to a wider array of mid- and small-cap companies. This strategic repositioning is