Indices fail to hold recovery in late noon deals

Indian equity indices failed to hold recovery and fell sharply to trade near day’s low points during late afternoon session, tracking negative cues from European markets. Sentiments were pessimistic, as credit rating agency, India Ratings and Research (Ind-Ra) has said that a weakness in GDP growth is expected due to higher-than-expected inflation, a weakness in industrial growth, especially manufacturing activities, weak exports and slower growth in net taxes in 1QFY25.

U2Fx.com U2Fx.com
Oct 30, 2024 - 14:00
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Indices fail to hold recovery in late noon deals
Indian equity indices failed to hold recovery and fell sharply to trade near day’s low points during late afternoon session, tracking negative cues from European markets. Sentiments were pessimistic, as credit rating agency, India Ratings and Research (Ind-Ra) has said that a weakness in GDP growth is expected due to higher-than-expected inflation, a weakness in industrial growth, especially manufacturing activities, weak exports and slower growth in net taxes in 1QFY25.
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