Sensex, Nifty dip; mid, smallcaps jump 2% on IT slide :
Although growing valuations may begin to weigh on fundamentals, experts suggest that if foreign inflows continue, the market could continue its upward trajectory with momentum currently leaning towards largecaps. On May 16, benchmark indices Nifty and Sensex continued to decline, driven down by a steep selloff in banking, pharmaceutical, and IT industries that affected … Read more