India's key indices fell nearly 1% in rollercoaster trading on Friday, taking their weekly loss to about 4.5%, the most since June 2022. Friday's drop was 5th in a row, as tension between Israel and Iran continued to fuel risk-off sentiment and new-found interest in Chinese stocks lowered appetite for Indian equities. Weekly decline translates to a wipeout of ₹16.68 lakh crore in market wealth.
Open Flip
Nippon India Hang Seng ETF in focus: China recently introduced a significant stimulus package to boost its economic growth, increasing liquidity in the Chinese stock market and the banking system. This has increased optimism in Asian markets, with investors flocking to funds and equities to lock in profits amid the rally.
Open Flip
The Public Accounts Committee will review India's top regulatory bodies, summoning SEBI and TRAI officials on October 24 amid controversy surrounding SEBI Chairperson Madhabi Puri Buch over alleged connections with the Adani Group. The meeting will assess the effectiveness of these institutions, adding scrutiny to the situation.
Open Flip
