Key Points
After dancing to the tunes of bulls for five months, Dalal Street seems to be following the footsteps of bears lately, as benchmark Sensex has corrected more than 2,000 points from the all-time high in less than a month...
The non-stop run northwards since March saw the 30-stock index rally close to 15% and hit a lifetime high of 67,619.20 points on July 20...
This rally was backed by strong inflows of nearly $19 billion from foreign institutional investors, and steady inflows from domestic institutional investors..
Increasing crude oil prices, higher bond yields, and the Reserve Bank of Indias hawkish outlook on inflation has spoiled the party on Dalal Street...
The consumer price index-based inflation for July surged to a 15-month high of 7.44%, thanks to the five-times higher tomato prices...
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