FII selling and weak rupee impact Indian markets
pre-market1 source ↓written by the desknot a recommendation
India's stock markets face a vicious cycle of foreign selling and currency weakness, according to market analyst Sandip Sabharwal. As the rupee weakens, foreign investors sell off stocks, further driving down the currency and triggering more selling. Despite this, corporate earnings for Q4 have shown resilience, indicating potential underlying strength.
Not investment advice. For informational purposes only.