India’s equity indices dropped almost 1% on Tuesday, continuing their downward trend for a second day. Traders remained cautious due to geopolitical concerns and the upcoming US CPI data release. Both NSE Nifty and BSE Sensex saw significant declines, with HDFC Bank shares impacted by MSCI’s phased weight increase decision.
Largecaps showing no fundamental change despite market bounce: Nischal Maheshwari
Investors are closely watching sectors like banking, manufacturing, auto distribution, and aviation after a recent rate cut. Analysts see temporary margin pressure for banks and