💨 Abstract

India's benchmark indexes, Nifty 50 and BSE Sensex, closed lower on Monday, marking a fifth consecutive session of losses. This is due to concerns over slowing growth in the U.S., persistent foreign investor selling, and domestic growth concerns. Ten of the 13 major sectors fell, with financials and information technology sectors experiencing significant losses. The sell-off is attributed to foreign portfolio investors with substantial exposure to these sectors.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖