regulator scrutiny
| March 14, 2024, 3:44 a.m.
Indian Stock Market Set for Stable Opening Amid Profit-Booking and Mutual Fund Stress Test Awaited
The Indian stock market is poised to open with little change following profit-booking in the previous session, with attention turning to small- and mid-cap stocks ahead of mutual fund stress test results. The Nifty 50 is expected to open near Wednesday's close, with broader small- and mid-cap indices experiencing significant declines. Investors are cautious amid scrutiny from regulators and pending mutual fund stress test outcomes, while awaiting India's wholesale price index (WPI) inflation data. Meanwhile, Asian markets show muted sentiment, and Wall Street equities declined ahead of US producer price index data.
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