Markets decline in early trade on weak global peers, foreign fund outflows
3 months, 2 weeks ago

Markets decline in early trade on weak global peers, foreign fund outflows

The Hindu  

Equity benchmark indices declined in early trade on Monday in tandem with a weak trend in global markets and foreign fund outflows. "The stock markets have taken a sharp bearish turn, with sentiment shifting from optimism about cooling U.S. inflation to concerns over a potential U.S. economic slowdown. Friday's weaker-than-expected jobs data has reignited fears of a recession, further compounded by soft manufacturing updates," Prashanth Tapse, Senior VP, Mehta Equities Ltd, said. "Two factors are likely to weigh on markets: one, the outcome of the U.S. presidential elections and two, the Fed decision on rate cut," said V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.

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