Jhaveri Securities Ltd
Jhaveri Securities Ltd
February 12, 2025 at 12:27 PM
*Market Summary* Indian equity benchmarks erased most of their initial losses but ended marginally lower on Wednesday as traders remained on sidelines ahead of domestic economic data - consumer price index (CPI) and index of industrial production (IIP). Muted Q3 earnings growth and trade war fears continued to unnerve investors. The latest U.S. tariff developments have worsened outflows, which were already weighing on sentiment. Union Finance Minister Nirmala Sitharaman said growth in India is witnessing a speedy rebound on account of a strong economic foundation and the government will take measures to ensure that it remains the fastest-growing economy.
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