Carry trade gains traction as investors eye emerging markets. Expectations of Federal Reserve rate cuts weaken the dollar. Money managers are investing in currencies of Brazil, South Africa, and Egypt. A weaker dollar and easing volatility create favorable conditions. The trade paused in July but is now reviving. Dismal US jobs data fuels bets on lower borrowing costs.
Sensex falls over 100 pts, Nifty below 22,550 as market heads for 8th weekly loss, overtaking COVID crash. More pain ahead?
Indian equity benchmarks Sensex and Nifty fell for a fourth straight session on Thursday, heading for their eighth consecutive weekly loss. Driven by intense FII