Reported 2 days ago
India's economic growth unexpectedly slowed in the September quarter, which may contribute to further weaknesses in the stock market, including an 8% decline in the NSE Nifty 50 Index since September. Analysts forecast potential recovery in growth, dependent on the Reserve Bank of India's monetary policy actions, while recent foreign investor withdrawals signify concerns about valuations and economic conditions. The outlook is mixed, with expectations of rate cuts potentially providing some support amidst current market uncertainties.
Source: YAHOO