India has been an expensive market in terms of valuations compared to its regional peers. Though global investors have been uncomfortable with this aspect of equities here, they grudgingly admired India because of the strength of its corporate profitability in addition to superior economic prospects.
US stocks: US market closes down sharply after Fed holds rates unchanged
Wall Street experienced a sharp decline as the Federal Reserve maintained interest rates. AI-related chip stocks also saw further losses ahead of key earnings reports.
July 29, 2026