Macro data, with the manufacturing PMI expanding to 57.8, indicated sustained demand and boosted investors confidence. Additionally, provisional business numbers from banks, automakers, and real estate companies bolstered sentiments, while FIIs provided additional support to the domestic market during the said week.
US port strike to hit Indian textile, pharma, auto part exports, push costs up 3x: GTRI
The ongoing strike at 14 major ports in the US is causing significant delays in unloading and processing shipments from India. This impacts goods like