India’s equity indices dropped almost 1% on Tuesday, continuing their downward trend for a second day. Traders remained cautious due to geopolitical concerns and the upcoming US CPI data release. Both NSE Nifty and BSE Sensex saw significant declines, with HDFC Bank shares impacted by MSCI’s phased weight increase decision.
Nilesh Shah says China’s $1 trillion trade surplus is built on an undervalued Yuan, not just on innovation and competitiveness
Kotak MF’s Nilesh Shah says China’s trade surplus topping $1 trillion in 11 months is not just due to innovation and competitiveness, but also a