Indian benchmark indices fall for two consecutive days
The news that the International Monetary Fund (IMF) has said that Chinese and Japanese economies are expected to slow sharply over the next two years affected the Indian market.
Weak factory data from China also affected global market sentiments.
Although weak exports and sluggish credit growth weigh on the Indian economy, the IMF reiterated its growth forecast for India this year at 7.5 per cent, largely based on private consumption trends.
Some of the leading gainers on Tuesday were Bharti, HDFC, Tata Steel, Tata Motors and L&T while the losers included Coal India, BHEL, Lupin, ICICI Bank and TCS.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
