Overvaluation, especially in mid and small caps, and weak corporate earnings have weighed on sentiment. A slowdown in rural and urban consumption, along with tightening credit, has added to the pressure.
Adani Group-backed Cemindia Projects, formerly known as ITD Cementation India, is preparing to launch a qualified institutional placement (QIP) to raise up to Rs 5,000
The Indian stock markets experienced a shift, dropping from earlier gains with both Sensex and Nifty closing lower. Key decliners included Infosys, Bharti Airtel, and
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