India Regains 5th Market Cap Spot; Persistent Plunges On Deal; South Korea Announces AI Push
Indian equity markets opened on a muted note despite improving macroeconomic indicators, with lower crude oil prices, a stable rupee and continued foreign institutional inflows
Indian equity markets opened on a muted note despite improving macroeconomic indicators, with lower crude oil prices, a stable rupee and continued foreign institutional inflows supporting sentiment. Goldman Sachs has raised its FY27 GDP growth forecast for India to 6.5% while lowering its inflation estimate, reflecting the positive impact of easing energy prices.
Market experts remain optimistic about July, though IT stocks continued to face pressure, with Persistent Systems declining sharply after announcing its acquisition of Nagarro SE. Investors are now watching corporate earnings, monsoon progress and global developments for further direction. Subscribe to India Today for NEW VIDEOS EVERY DAY and make sure to enable Push Notifications so you'll never miss a new video.
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