💨 Abstract

The sell-off in Indian stocks is primarily technical and due to multiple compression, not macro issues, according to a Jefferies report. Foreign portfolio investors (FPIs) are the main drivers of the stock market fall, concentrated in high beta cyclical sectors like property, infrastructure, and industrials. The demand in the economy is expected to increase due to populist measures by the Modi government, fueling rural and urban demand.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖