 "NSE, national stock exchange, nifty50")
Global markets have traded down on unfavourable macro developments. Along with high inflation and supply-chain risks across commodity groups and high-end items (semiconductors and active pharmaceutical ingredients), there are fears of global gross domestic product growth deceleration.
Central banks are tightening money supply and hiking interest rates. This has led to a risk-off attitude with foreign portfolio investors (FPIs) cutting exposure to emerging markets. FPIs have pulled out Rs 97,500 crore from rupee equities this financial year. The rupee has dropped to its lowest-ever levels versus the dollar.
The major market indices have dipped, with the Nifty down to 15,350 – a retraction of 18 per cent from its all-time highs in October 2021. Mid-caps and small-caps have lost even
