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Nifty index fell by over 2,000 points from its peak within a month, impacted mainly by foreign portfolio investors' net outflows. Meanwhile, domestic investors kept investing in the market. Historically, markets often regain a significant portion of these outflows quickly, suggesting potential recovery ahead.
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Three equity mutual fund categories offered over 50% return in the last one year. These 3 were sectoral and thematic fund categories. (Source: Value Research)
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Other so-called Magnificent Seven members Meta Platforms and Microsoft also reported earnings earlier this week and warned on AI-related infrastructure costs, dragging the Nasdaq down on Thursday.
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