“Our markets may react negatively and if the markets need an excuse to fall, it will take cues from the Karnataka state polls,” said Andrew Holland, CEO of Avendus Capital Alternate Strategies.
Foreign institutional investors reversed course in early April, spurred by rising global trade tensions following US President Trump’s announcement of steep tariffs. This led to
Benchmark indices Sensex and Nifty 50 fell by 2.6% each due to a global sell-off triggered by U.S. tariff actions. IT stocks suffered the most,
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