The Nifty Index is now trading at valuations close to its long-term average versus the emerging markets. This means that the headwinds from active foreign investors due to the relative expensiveness of the Indian market are no longer valid.
US stocks: US market sinks as bond yields rise, Walmart results disappoint
The S&P 500 consumer discretionary sector was one of the biggest drags on the benchmark index, with megacaps including Amazon and Tesla among its biggest