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Tata Technologies, which made a stellar debut in 2023 with 180% gains, has seen its stock drop 23% this year and 26% from its peak of 1,217.95. Tata Elxsi follows with a 22% decline in 2024 and a 24% drop from its 52-week high.
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News and Media
One obviously is the Trump presidency. He is the most unpredictable man and leading a $30 trillion economy, the world's most powerful country, adds a significant bit to the uncertainty. Secondly, the US fiscal and monetary policy would also be a key driver of volatility in the markets. Currently, if you see, US is running a 6.5% fiscal deficit.
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Bangladesh is investigating former leader Sheikh Hasina and her family for corruption, including misappropriating land and embezzling funds. Hasina left Bangladesh for India amid protests. An extradition request has been made. India has not yet responded. Hasinas son denies the allegations. The investigation adds further strain to Bangladesh-India relations.
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