Trump Jitters for Markets

FPIS have been of the view that India's markets are over-valued and have moved money out at a time when the rupee has depreciated sharply.

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While local institutions have supported the markets with purchases of a net ₹57,189 crore in January, buoyed by strong retail flows into mutual funds, that hasn't been enough to hold up stocks. Poor corporate earnings, both in the September quarter and so far in the December quarter, have prompted analysts to pare earnings estimates. The soft macro-economic environment, characterised by slow investments and weak consumer demand has added to the Street's worries.