Market expert Sandip Sabharwal views rupee depreciation as inevitable due to trade deficits, while anticipating a US Fed rate cut. He sees easing overhang for ITC Hotels and a buying opportunity in IndiGo despite short-term turbulence.
FIIs sold about Rs 11,000 crore worth Indian stocks in 2 days of US-Iran war
Foreign investors sold nearly Rs 11,000 crore in two March sessions amid escalating West Asia tensions, surging crude prices and currency volatility. DIIs offered support,