Major Asian stocks stocks opened with sharp cuts Monday after a long weekend that saw global selloffs, with investors expected to stay “risk-off” for some time. MSCI’s index of Asia-Pacific shares outside Japan was trading 0.96 per cent lower.
Nifty Pharma, 4 others hit 52-week high since Iran war while Nifty fell 7%. Will the form continue?
Despite a challenging market backdrop fueled by geopolitical tensions and foreign fund outflows, five Indian sectors—Pharma, Energy, Defence, Capital Markets, and Metals—are showing remarkable strength.