Despite more than half of Nifty stocks being in bearish phases, the index is only down 16% due to the weightage of few major stocks like RIL, HDFC Bank, and TCS. Factors contributing to the decline include stretched valuations, underwhelming earnings, and persistent foreign investor selling.
ETMarkets Smart Talk| Two more US Fed cuts could trigger FII comeback to Indian equities, says SMC Global’s Ajay Garg
The US Federal Reserve’s rate cut sets the stage for increased FII inflows into Indian equities, driven by strong domestic fundamentals and festive demand. Despite