This fear has led to valuation derating, with price-to-earnings multiples compressing as analysts lowered both near-term earnings growth estimates and long-term terminal growth assumptions in their discounted cash flow models. Illustration: Dado Ruvic/Reuters Key Points FPIs sold IT stocks worth
Despite heavy FPI selling, indices are still only about 5 per cent below record highs. Illustration: Dominic Xavier/Rediff Key Points Market breadth remained weak, with 2,989 stocks declining and 1,229 advancing The spot gold hit a new high of $4,976.59
Foreign portfolio investors withdrew over Rs 22,530 crore ($2.5 billion) from Indian equities so far this month amid rising US bond yields and a stronger dollar, continuing their selling streak from last year. Illustration: Dominic Xavier/Rediff This came following an
