On Monday, the market was seen factoring in Powell’s remarks that the Fed policy will “cause some pain to households and businesses” and this is “the unfortunate costs of reducing inflation”.
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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