LGT Wealth India

Indian equity markets extended the losses for third consecutive days with sharp fall mirroring the weak cues from the global markets. Global financial markets witnessed widespread risk aversion due to surprise downgrade of US credit ratings. Further, rise ofU.S. treasury yields coupled with stronger dollar also contributed to the downside. However, upbeat economic data on the India’s service sector activity helped to restrict some of the losses.

Daily Market Update

9th November, 2022