Market direction is highly fluid due to US-Iran conflict news, with sentiment shifting daily. While recent market corrections offer accumulation opportunities, sustainability hinges on conflict resolution. The defence sector, however, presents a strong long-term growth narrative driven by India’s self-reliance push.
Rupee slips 9 paise as dollar demand keeps up pressure
The rupee closed at 96.35, nine paise weaker from its previous close of 96.26 as consistent dollar demand continued to pressure the currency. The currency