Foreign investors are selling Indian IT shares heavily. This trend continues as valuations remain high and AI opportunities are missed. Other sectors like consumer services and healthcare also saw selling. Delays in the US-India trade deal are a factor. Telecommunication sector received inflows due to a large deal. Oil & gas and ‘Others’ saw purchases. Investors remain cautious on India.
ECB holds interest rates at 2% for a fourth time
The European Central Bank has held interest rates steady for the fourth time. Inflation is near the bank’s target. The euro zone economy is showing