Indian Markets Drift Lower as Energy Prices Firm

Indian markets slipped amid higher crude prices and stretched midcap valuations, with defensives gaining traction while investors awaited major macroeconomic prints.

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5 days ago

Indian Markets Drift Lower as Energy Prices Firm

Indian Markets Drift Lower as Energy Prices Firm
Trading sentiment weakened as Indian indices edged down due to firm global crude prices that pressured sectors such as aviation, logistics and paints. Banking stocks attempted intraday recovery, supported by steady credit data. Analysts highlighted stretched valuations in midcap names, prompting cautious positioning ahead of inflation and industrial production releases. 
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  • india