Market expert Ajay Bagga analyzes the recent market downturn, attributing it to global outflows and uncertainty surrounding the US elections. He suggests that while the Indian markets have factored in corporate earnings weakness, a bottom formation hinges on a halt to FII outflows. Also, in case of a Trump victory, there could be a new incumbent in the Fed chairperson’s office very soon.
Infosys, Wipro, TCS and other IT stocks rise up to 3% amid US AI rout; is the bubble bursting?
In the wake of a worldwide AI stock decline, companies such as Infosys and TCS have seen their shares rise, demonstrating a contrasting trend. This