The market sentiment was shaken after the US Federal Reserve updated its outlook, indicating only two rate cuts in 2025, down from the previously anticipated four. This shift in policy, revealed by Fed Chair Jerome Powell, dampened global investor confidence. "The Indian equity market experienced its sharpest weekly drop since June 2022," stated Pravesh Gour, Senior Technical Analyst at Swastika Investmart Ltd, as reported by PTI.
MobiKwik shares skid 6% as investors book profits after 117% returns in 2 sessions - The Economic TimesTech picks: Agarwal Industrial, Religare among 4 stocks to buy for robust returns in short term - The Economic TimesStocks to buy today: Angel One, HPCL and Anant Raj on investors' radar - The Economic TimesTop-10 Indian firms, including TCS and Reliance, lose Rs 4.95 lakh crore amid market slump - Financial ExpressMarket cap of top-10 companies shrinks by ₹4.95 lakh crore; TCS, Reliance bear the brunt of bearish trends - Live MintBusiness News Live Today: Market capitalisation of top-10 most valued firms plunges ₹4.95 lakh crore; TCS, Reliance hardest hit - The Hindu Business Line
