Indian equities have been highly volatile, with Sensex dropping nearly 10,000 points from its peak. Yet, in FY25, Sensex gained 2.5%, and BSE Smallcap rose 6%. Among smallcaps, nine stocks, each held by 10+ mutual funds, surged over 100%.
US stocks: US market closes down sharply after Fed holds rates unchanged
Wall Street experienced a sharp decline as the Federal Reserve maintained interest rates. AI-related chip stocks also saw further losses ahead of key earnings reports.