https://drive.google.com/file/d/1RwgKN88vtX63ODU4H3l0lsqi0lWJ4Brq/view?usp=drivesdk
🐻 Sensex slid 401 points and Nifty dipped below 26,100 as traders booked profits near record highs, triggered by a global selloff.
🐻 Global markets weakened due to uncertain U.S. jobs data, sparking renewed fears about the direction of future interest rate hikes. Morgan Stanley officially scrapped its call for a December Fed rate cut.
🐻 Adding to the caution, billionaire investor Ray Dalio warned that the AI-driven market has entered “bubble territory,” fueling a tech rout in Asian and European markets.
🐂 On the domestic front, Kotak Mahindra Bank’s board approved a 1:5 stock split, a move designed to boost liquidity and make shares more accessible to retail investors.
🐂 SEBI announced it is considering the inclusion of REITs in benchmark indices, a significant step that could attract more capital into the real estate investment sector.
The Indian market took a breather today, pulling back from its recent highs in a move largely influenced by external pressures. The combination of uncertain U.S. economic data and growing concerns over stretched tech valuations provided the perfect catalyst for profit-taking. While the headline numbers look weak, the day also highlighted resilience in specific pockets. Positive corporate actions from heavyweights like Kotak Bank and forward-looking regulatory proposals from SEBI underscore the solid domestic fundamentals. The current dynamic is a classic tug-of-war between India’s strong internal growth story and the headwinds blowing in from the global economy.
Stay sharp.
#IndianStockMarket #Sensex #Nifty #DalalStreet #StockMarketIndia #Investing #Trading #Finance #MarketWrap #Economy
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