Key Highlights
- The market capitalisation of all listed companies on the BSE declined by ₹1.82 lakh crore to ₹472.59 lakh crore during the trade.
- The broader markets also declined but managed to outperform the benchmarks, as the BSE Smallcap index fell 0.49% and the BSE Midcap shed 0.14%.
- Here are 10 key highlights from the Indian stock market today: Vinod Nair, Head of Research, Geojit Investments, said, “Domestic markets continued to witness profit booking amid worries over the weakening rupee and persistent FII outflows.
- Meanwhile, the NSE’s sectoral index overhaul in line with SEBI regulations led to corrections in major banking counters.
- In the near term, fading expectations of an RBI rate cut owing to strong GDP data and the uncertainty around US–India trade discussions may keep investors on edge.” Even so, solid domestic macro fundamentals and a strengthening earnings outlook for the second half of the fiscal year are likely to lend support going forward, he added.
