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The combined market valuation of four of the top 10 valued firms declined by Rs 1,25,397.45 crore last week, with Reliance Industries taking the biggest hit, in line with weak investors' sentiment at Dalal Street.
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News and Media
The exodus of FPIs from the Indian equity markets continues unabated, as they withdrew Rs 64,156 crore (USD 7.44 billion) this month so far on depreciation of the rupee, rise in the US bond yields and expectation of a tepid earning season.
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News and Media
India's real GDP growth is expected to slow to 6.4% in FY24-25, down from 8.2% in FY23-24, due to weaker urban demand and reduced investment activity. The central government is likely to fall short of its capital expenditure target by around Rs 1.4 trillion this fiscal year, leading to a projected budget deficit of 4.8% in FY25, which is slightly below the budgeted 4.9%.
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News and Media
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