Nifty Set For Back-to-Back Monthly Losses For The First Time Since Early 2023.

The article from Bloomberg.com discusses the current state of the Indian stock market, highlighting the potential for back-to-back monthly losses for the Nifty index. Foreign funds are selectively investing in Indian equities, favoring sectors like industrials, healthcare, and telecommunications. Additionally, there is a contrarian view on city gas stocks, with some analysts remaining optimistic about their growth potential despite recent setbacks. Foreign investors are also pulling out of Indian bonds, impacting the rupee's value. The article suggests that a potential year-end rally could reverse the current downward trend in the market. [Extracted from the article]