Indian shares edged higher as IT stocks led a modest recovery, though the mood stays cautious with foreign investors building short positions and brokerages flagging a potentially
Indian shares edged higher as IT stocks led a modest recovery, though the mood stays cautious with foreign investors building short positions and brokerages flagging a potentially weak October. The tension between a cooling secondary market and a red-hot primary market continues, with new listings still drawing strong demand even as one recent debut opened at a discount. Oil's pullback from recent highs offers some relief on the foreign outflow front, but conviction remains thin for now.
Sources
Ezbrisk weighs each event against the market reaction and publishes a verdict with an overreaction reading. How the methodology works