Indian stocks ended this week on a strong note, posting 3.9% in gains. The benchmark Nifty 50 closed above 7850, helped by a strong global rally and some support lent by positive IIP data. Banks and Auto were the major gains, along with Metals. India’s fundamental situation has also been improving with the sustenance of […]
Indian equity benchmark Nifty 50 has nosedived below the highly-coveted 7000 mark amid a global sell-off and renewed fears over the Indian banking system. Rising bad loans have crippled the banking sector, pushing Nifty down to 6980.95 as of Friday’s close. The benchmark slumped to 6870 at which short-covering emerged, taking the index past 7000 […]
