Global distress weighed on IT and pharma stocks which came under selling pressure. Nevertheless, the gains in infra, industrial, and capital goods stocks together with the continued buying in mid- and small-cap stocks contributed to the ongoing rally
Santosh Rao sees market rotation, not a Santa rally at year-end
US President Trump’s optimistic inflation comments contrast with consumer affordability concerns. While markets anticipate policy support and potential Fed easing, a stagflationary scenario remains a