Market observers are closely monitoring automotive sales data for early indicators as the new year begins, with a focus on FII movements and currency trends as the rupee weakens against the US dollar. Indian equity benchmark indices, BSE Sensex and Nifty50, opened in red on Monday, with BSE Sensex near 78,600 and Nifty50 above 23,750, trading lower due to cautious investor sentiment amid foreign institutional investor outflows and the rupee’s decline. US markets ended lower on Friday, Asian markets opened lower, and gold prices rose due to Middle East tensions, while the Japanese yen reached five-month lows against the dollar, with foreign portfolio investors becoming net sellers.
Full Article
Loading PerspectiveSplit analysis...
