💨 Abstract

Foreign investors sold Indian stocks worth $3.5 billion in the first half of March, with IT and consumer goods sectors accounting for a significant share. This is due to concerns over the health of the U.S. and Indian economies. The IT sector, which derives a large chunk of revenue from the U.S., has been downgraded by analysts due to potential slowdown and inflationary concerns.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖