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Podcast: Top of the Morning
Episode: India Leaps Past Japan | Rally Interrupted: Markets Lose Steam | Gold Slips, Reserves Tumble
Description: Welcome to Top of the Morning by Mint.. I’m Nelson John and here are today’s top stories.
Markets Cool Off After 4-Week Rally
After weeks of surging highs, Indian markets finally took a breather. The Sensex and Nifty slipped 0.7% each as foreign investors sold off in three out of four sessions. Sectors like realty and metals held up well, but autos, IT, and FMCG lagged. Midcaps dipped while smallcaps stayed afloat. Technical resistance at Nifty’s 25,200 level held firm, with support seen at 24,500. Analysts suggest a cautiously bullish stance, with Bank N...