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India's Nifty 50 and BSE Sensex closed the week higher, marking their longest weekly winning streak in seven months. Falling crude oil prices, rupee-support measures, and the RBI's no-hike signal fuelled gains, with pharma and financial stocks leading.
Capitalmind MF founder Deepak Shenoy says FII outflows, rising crude prices, and rupee weakness are driving India's market stress, but domestic institutional flows are providing a partial cushion. He recommends pharma stocks as a defensive position and urges investors to avoid reacting to short-term volatility.
Tag
India's Nifty 50 and BSE Sensex closed the week higher, marking their longest weekly winning streak in seven months. Falling crude oil prices, rupee-support measures, and the RBI's no-hike signal fuelled gains, with pharma and financial stocks leading.
2d ago · 3 min · Markets
Capitalmind MF founder Deepak Shenoy says FII outflows, rising crude prices, and rupee weakness are driving India's market stress, but domestic institutional flows are providing a partial cushion. He recommends pharma stocks as a defensive position and urges investors to avoid reacting to short-term volatility.
23d ago · 3 min · Markets
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