💨 Abstract

Indian bluechip indexes fell on Friday, ending a two-week winning streak, due to worries about corporate earnings and sustained foreign selling. The IT sector, led by Tata Consultancy Services, was the only outlier, gaining after indications of a demand revival. Twelve of the 13 major sectors logged weekly losses, with the broader smallcaps and midcaps seeing significant declines. Foreign portfolio investors have been net sellers, with outflows of $2.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖