Sensex, Nifty bounce back after initial dip
Sensex and Nifty started Wednesday in the red after a global tech sell-off, but quickly bounced back to flat levels.
This comes on the heels of a rollercoaster week for Indian markets, with sharp drops followed by strong rebounds.
FIIs make biggest buy since last October
If you're following the markets or just curious about your future investments, here's why it's interesting:
market swings have been driven by global tech stocks tumbling and talk of higher transaction taxes at home.
Still, big foreign investors are showing confidence—FIIs just made their biggest buy since last October after the US reduced tariffs on Indian goods.
Analysts urge caution
The drop started with US tech giants like NVIDIA and Microsoft losing ground, which pulled down Indian IT stocks too.
Analysts are urging caution right now—VK Vijayakumar points out that valuations remain elevated and there is little fundamental support for a prolonged rally, so it might be smart to wait things out instead of jumping in.
Plus, don't expect major policy changes from the upcoming RBI meeting.