Indian equities retreated on Tuesday, with the Sensex and Nifty falling after touching record highs. Investors engaged in profit-taking, while foreign funds continued to reduce their holdings. This combination of domestic selling and external pressures led to the benchmarks closing lower.Read More
Meesho’s anchor book faced investor withdrawals after a significant allocation to SBI Funds Management, prompting other large funds to exit in protest. Despite this, the IPO lineup includes global investors like GIC and Abu Dhabi Investment Authority, highlighting strong demand for Indian tech startups.Read More
The Indian rupee fell to a record low on Tuesday, extending losses sparked by the absence of a trade deal between India and the United States, which has dented trade and portfolio inflows.Read More
The Nifty slipped below key support levels on Tuesday after a brief all-time high, with analysts noting a lack of midcap and smallcap participation. Global cues influenced the pullback, but the Nifty’s positional trend remains bullish, with support seen between 25,970-26,050. Canara Bank is recommended long, while IndiGo Airlines is suggested for a short position.Read More
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