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Indian equities post steepest weekly fall in three months
Indian markets recorded their biggest weekly loss in three months as global risk aversion rose, while the rupee remained stable and stock performance diverged.
Indian equity markets ended a 2 week rally with their sharpest weekly decline in three months as global risk sentiment weakened. The BSE LargeCap index dropped 2.5% during the week ended January 9, while the rupee stayed largely unchanged at 90.16 against the US dollar. Reliance Industries saw the highest erosion in market capitalization, whereas ICICI Bank and Titan emerged as notable gainers amid selective buying.