Equity markets are impacted more by the expectations of future monetary policy than the policy rate surprises on the day of announcement of the policy by the Reserve Bank, said an analysis.
Foreign Portfolio Investors have exhibited a selling trend in Indian equities, with outflows of Rs 555 crore in July, marking a reversal after three months
Indian benchmark indices faced profit booking, with Nifty declining by 1.22% and Sensex shedding 925 points. FMCG outperformed, while Defence and IT sectors declined. Analyst
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