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News Topical, Digital Desk : FIIs News: India was the weakest performing country among the world's top 10 stock markets in the current September quarter. India's total market capitalization fell 5.6% to $5.08 trillion, down from $5.38 trillion in the previous quarter.

In contrast, China achieved a market cap of $12.96 trillion, a whopping 20% ​​growth this quarter. Taiwan and Hong Kong also recorded growth of 12% and 12%, respectively. The US market cap increased by 8.4%, while Canada and Japan saw increases of 8% and 6.2%, respectively. The UK and France saw modest increases (3.3% and 2.4%), while Germany declined by 2.33%.

The Indian stock market also saw a decline, with both the Sensex and Nifty falling by approximately 4%. The BSE Midcap and Smallcap indices also declined by more than 4.5%. 

What caused the sell-off? The major reasons for the confusion were the US increasing H-1B visa fees to ₹1 lakh, ending exemptions at Iran's Chabahar port, and especially President Donald Trump's announcement of a 100% tariff on branded and patented pharmaceutical imports from October 1. Additionally, persistent selling by foreign investors (FIIs), high valuations, and weak earnings kept the Indian market volatile. However, brokerages have recently turned positive. Firms like Motilal Oswal Securities, Emkay Research, Prabhudas Lilladher, HSBC, Kotak Institutional Equities, and Jefferies expect earnings to improve due to the new GST reforms and potential policy easing by the RBI. Sectors such as consumer discretionary, technology, defense, renewables, battery energy storage systems, domestic manufacturing, and public sector banks will be key beneficiaries. If the recovery continues and global risks subside, the Indian market could reach new heights again in the next 8-12 months.


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