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Indices hit new highs but again fail to hold gains on FII sales
Indian equity indices touched fresh lifetime highs before closing marginally lower on Monday. The market faced headwinds from a weakening rupee and uncertainty surrounding the US-India trade deal. Persistent foreign institutional investor selling and a depreciating currency are limiting the ability of indices to sustain record levels.
Indian equity indices touched fresh lifetime highs before closing marginally lower on Monday. The market faced headwinds from a weakening rupee and uncertainty surrounding the US-India trade deal. Persistent foreign institutional investor selling and a depreciating currency are limiting the ability of indices to sustain record levels.
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