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Overvaluation, especially in mid and small caps, and weak corporate earnings have weighed on sentiment. A slowdown in rural and urban consumption, along with tightening credit, has added to the pressure.
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News and Media
Rail Vikas Nigam Ltd (RVNL) has secured a Rs 135.66-crore contract from Central Railway for the Bhusaval-Khandwa section. The project, aiming to enhance railway freight capacity within 24 months, involves the design, supply, and commissioning of 132/55 KV traction substations and posts. RVNL shares saw a recent decline despite significant historical gains.
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News and Media
Shares in Australia and Japan opened lower after the S&P 500 lost 1.6% Thursday, erasing its gains for the year. The Nasdaq 100 declined 2.8%, as tech stocks weighed on US benchmarks.
Category:
News and Media
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