After a sharp rally between April and July this year, the markets turned volatile in August. The Nifty 50 and BSE Sensex have lost nearly 3% from their July 2023 lifetime high values.
Moreover, 15 out of 19 sectoral indices of the BSE have delivered negative returns in August so far. The domestic growth prospects remain robust, supported by consistent reform progress, healthy financial sector, reduced leverage, digitisation and public capex
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