Indian stock indices fell, influenced by FPI selling, weak earnings, and global economic concerns.

Indian stock indices, the Sensex and Nifty, closed the week lower, down 0.55% and 0.47% respectively. The Nifty IT sector saw the biggest decline at 2.68%. The downturn is attributed to foreign portfolio investor (FPI) selling and weak earnings from key companies like Infosys and Axis Bank. Rising crude oil prices, a weakening rupee, and weak domestic economic growth also contributed to the bearish market sentiment. The upcoming inauguration of US President-elect Donald Trump adds to market uncertainty.

2 months ago
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