From the lows seen in March, Indian equities have rallied by 8-10% with the support of improving macros, lower bond yields, and peaking out of interest rate hikes.
Foreign institutional investors reversed course in early April, spurred by rising global trade tensions following US President Trump’s announcement of steep tariffs. This led to
Benchmark indices Sensex and Nifty 50 fell by 2.6% each due to a global sell-off triggered by U.S. tariff actions. IT stocks suffered the most,
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