Indian stock markets Nifty and BSE Sensex closed significantly lower on Friday. Selling pressure was seen across sectors, with auto, financials, and FMCG being major laggards. The IT sector experienced some buying. Analysts suggest the market might remain under pressure in the short term. US and European markets also ended with cuts.
MSCI rebalancing on Monday: Adani Energy, Groww set for big inflows; RIL, Jio Financial may face outflows
MSCI’s latest rebalancing is set to drive heightened trading activity in several Indian stocks on Monday, with revised weights taking effect from September 1. The