Stock markets have seen a decline since the beginning of the week. The
alarming voices of global investors also pushed domestic traders to such a
sentiment. This caused the market to fall.
With the country's Retail Price
Inflation
data expected to be released after the market close, stock traders were
hesitant due to inflation wariness.
As was the case on Friday last week, on Monday, market trading started
sluggishly with no sign of a major upswing and saw a dip towards the end of
trading.
Stocks in information technology, financials and home appliances sectors were
selling off sharply, which was a major reason for the decline in the market.
Foreign investors continue to pull out their investments. This is also a
factor affecting the market. 190 crore rupees were taken out on Sunday
alone.
Another factor affecting the market is the depreciation of the Indian rupee.
According to experts, the market saw a decline yesterday due to various
aspects like decline in industrial production growth, depreciation of rupee,
concern that inflation may increase, global market situation.
However, the decline has been moderated by the country's strong revenue
growth, economic stability and domestic corporate investments.
Public sector banks are performing well due to strong credit growth, improved
asset quality and strong balance sheets.