Profit-booking Persists as Adani Stocks and Mid-Caps Decline in Indian Markets
Monday, 18 March 2024, 04:37
Indian Market Update
Indian blue-chip shares witnessed a decline on Monday due to broad-based profit booking activities, following their worst week in five months. Small- and mid-caps extended losses on valuation concerns, contributing to the negative trend in the market.
Main Findings:
- Adani Stocks Decline: Adani Group equities saw a notable downturn, impacting market sentiment.
- Mid-Cap Worries: Valuation concerns surrounding small- and mid-cap companies led to extended losses.
- Market Uncertainties: Ongoing profit booking and broader market uncertainties are influencing investor decisions.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.