Indian equities face a negative open as foreign outflows continue to outweigh any relief from softer oil, and benchmarks are on track for their longest weekly losing streak, with I
Indian equities face a negative open as foreign outflows continue to outweigh any relief from softer oil, and benchmarks are on track for their longest weekly losing streak, with India among the worst-performing emerging markets this year. The IT pack offers a bright spot, with Infosys and Wipro ADRs rallying after a strong Accenture forecast, and Infosys recovering from its 52-week low on a deal extension. The rupee remains pressured by firm US yields and crude, while Iraq has become India's second-largest oil supplier and the oil minister pushes a shift toward natural gas.
Sources
Ezbrisk weighs each event against the market reaction and publishes a verdict with an overreaction reading. How the methodology works