Indian indices have seen a broad-based selloff in the last few days due to a multitude of factors ranging from US President Donald Trump's tariffs on imports, foreign portfolio selling in India, weaker third-quarter earnings and a dollar rally.
According to the ETIG analysis, aggregate revenue for a sample of 3,400 companies rose by 6.9% while net profit grew by 12.6% year-on-year in the December quarter. Revenue and profit growth was 7.9% and 26.2%, respectively, in the year-ago quarter.
The Trump administrations effort to slash the size of the federal workforce reached the Food and Drug Administration this weekend, as recently hired employees who review the safety of food ingredients, medical devices and other products were fired.
Although it accounts for only a small slice of Chicago real estate, a pullback by the federal government could deal a blow to the shaky downtown office market.
The combined market valuation of eight of the 10 most valued domestic firms eroded by Rs 2 lakh crore last week, with Reliance Industries taking the biggest hit in line with a bearish trend in the broader stock market. Equity benchmark indices Sensex and Nifty extended their downward trend to the eighth day in a row on Friday.
The exodus of FPIs from the Indian equity markets continues as they pulled out Rs 21,272 crore in the first two weeks of this month, driven by global tensions after the US imposed tariffs on imports.
