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Asian stock markets declined following a tech stock selloff on Wall Street. Samsung and SK Hynix faced restrictions on shipments to China. Alibaba's surge contrasted with China's factory activity contraction. A US court ruling added uncertainty to trade tariffs. Investors await key economic data and the Federal Reserve's decision. Political risks in Indonesia and Thailand are also in focus.
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News and Media
Foreign investors heavily sold Indian shares in August, the most in seven months. This year's total exits are the highest since 2022. Punitive US tariffs and a weak rupee impacted the market. Domestic funds supported equities with strong buying. SIP inflows also rose significantly. Rupee fell to breach the 88 mark to a dollar.
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News and Media
Despite global uncertainties impacting the Nifty, the consumption sector shows promise, fueled by anticipated GST slab changes. Analysts highlight Colgate-Palmolive, CG Power, and Voltas as potential bullish bets, while KFin Technologies and AU Small Fin Bank are viewed bearishly. Technical analysis suggests specific entry and exit points for traders.
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News and Media
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