Indian stock markets faced a setback as crude oil prices soared, triggered by increasing geopolitical tensions in the Middle East. Despite some defensive buying from domestic institutions, foreign investors pulled back. The forthcoming US Federal Reserve meeting is poised to impact global market moods. Investors will be keenly watching industrial production metrics and second-quarter earnings for insights on corporate health, as macroeconomic stability remains crucial for market trends.
Mcap of 8 of top-10 firms erodes by Rs 1.55L cr
Recently, the market witnessed a downturn, with eight of the leading firms in India suffering major valuation losses. The declines of HDFC Bank and Bajaj