Indian stock markets saw a sharp reaction after the Union Budget, with the Nifty plunging on Sunday’s session on low volume. While the headlines caused disappointment, market veteran Sunil Singhania said a closer look at the Budget reveals meaningful positives for long-term growth – even as recurring tax changes continue to unsettle investors.Responding to ET […]
Mumbai: The Indian rupee fell on Monday after a three-day rally against the US dollar, although it did not cross the 90 mark. The decline was driven by demand for dollars from local companies and pressure from the non-deliverable futures market, which offset recent intervention-led gains. The rupee closed at 89.65 per dollar, down 0.4% […]
Indian equity markets appear reasonably well prepared despite continued foreign portfolio investor (FPI) outflows as improving consumption indicators and rising strategic foreign interest – especially in financial services – signal a potential turning point, says Somnath Mukherjee, Chief Investment Officer of ASK Private Wealth, in an interview with ET Now.Mukherjee said the markets have witnessed […]