The stock markets started giving into selling pressure, due to the overhang of high interest rates, funds moving back to bonds and tensions in the middle east.
With the Indian general elections starting in a few days, tune in to this Special Edition which features a discussion on technology, Identity and aspiration in relation to voter behaviour.
Markets lost ground on Monday thanks to increased tensions in the middle east where Israel and Iran faced off against each other and world powers scrambling to contain an Israeli retaliation to Iran’s firing 200 missiles and drones into Israel.
Heat waves have been predicted and the country is gearing up for a long and difficult summer. So power stocks are up and investors are hunting for bargains in air conditioning stocks or anything that could be connected to hot weather.
While the market regulator Sebi has been issuing warning after warning for several weeks, the markets have begun reacting, also after it also emerged that some of the funding going into the middle of the market was dubious in nature.
The markets are betting on continuity in the 2024 general elections. The belief is that competitive populism will now slow down which in turn means good news for the economy.