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Market move▼ Bearish for Indian equities
Usual October cheer could be missing after rout last month
The brief
- High crude prices, rising bond yields and continued foreign selling cloud October’s market outlook
- Foreign selling and higher yields weigh on Indian equities; oil-sensitive companies face crude-cost pressure
- Sebi, RBI join hands to make onboarding easier for FPIs
- Bond yields rise, raising the hurdle for Indian equities
- FII selling worsens; foreign investors pull out Rs 26,000 crore from Indian equities in three days
- FIIs offload nearly ₹25,500 crore in 3 days as market fails to hold recovery
- Foreign Investors Pull $3.2 Billion From Indian Markets as Oil Rally Returns - Crude Oil Prices Today