Has the Indian stock market bottomed out after reaching six-month low or more downside left? What experts suggest
New Delhi, Oct. 5 -- The domestic benchmark indices staged a rebound on Monday, 5 October, after the Nifty 50 posted its longest weekly losing streak in 25 years, with softer crude oil prices and easing concerns over aggressive US monetary tightening providing some relief to investors.
The Nifty 50 rose 0.60% to 22,555.75, while the Sensex gained 0.66% to 72,382.47. The recovery came after the benchmark indices had declined for eight consecutive weeks, pressured by sustained foreign selling, elevated crude oil prices and a sharp rise in global bond yields.
Market sentiment improved after softer-than-expected US jobs data reduced expectations of a Federal Reserve rate hike later this month. A decline in crude prices also offered some rel...
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