Investors may focus on sectors like FMCG and utilities that rely on domestic demand and are less affected by currency fluctuations. Export-driven sectors such as IT and pharmaceuticals, might also offer opportunities as they benefit from rupee depreciation. It may be wise to avoid companies with significant foreign debt and may consider diversifying into other assets.
Dow, S&P 500 slip as oil hovers near $100 despite Nasdaq’s record close
The Dow and S&P 500 declined sharply as oil prices rallied near the $100 mark, causing apprehension among investors. However, the Nasdaq soared to a