Asian stocks saw a slight increase following positive US economic data, boosting global market confidence. Tech stocks were particularly strong, fueled by a positive outlook from Taiwan Semiconductor and strong earnings from Netflix. The yen stabilized amid cooling inflation data, while the dollar weakened after comments suggesting potential interest rate cuts.
Mcap of 8 of top-10 firms erodes by Rs 1.55L cr
Recently, the market witnessed a downturn, with eight of the leading firms in India suffering major valuation losses. The declines of HDFC Bank and Bajaj