Indian markets closed lower on Friday, hit by weak global cues, renewed US trade tariffs, and sustained FII outflows. Sensex fell 586 points and Nifty 203. Global markets also dropped sharply. FMCG stocks offered some defense. Analysts warned of extended correction amid technical weakness and growing caution among investors.
Will RBI rate hikes intensify selloff in bank stocks? Analysts explain why fears may be overdone
Bank shares have endured steep declines as investors brace for imminent interest rate hikes from the RBI. Some analysts suggest that the recent selloff may