Over 700 smallcaps correct up to 41% as Indian markets reel under pressure

October 5, 2024

Indian markets dropped over 4% this week due to middle east tensions and FII outflows. Major sectors like auto, banks, infra, and energy faced heavy selling. FIIs are moving funds to China, leading to significant cash market selling. Analysts predict continued pessimism with a possible consolidation phase ahead amidst rising crude prices.

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