Stock Market Falls: Metals And Financials Hit By Rate Hike Fears | Market News

Indian markets opened under pressure, with metals and financial stocks bearing the brunt of the selling amid rising inflation concerns and uncertainty over global interest rates. The upcoming long weekend is also prompting investors to remain cautious as geopolitical and macroeconomic risks continue to weigh on sentiment. Mayuresh Joshi, Head Equity Research, William O Neil India, explains why banks and financials are underperforming amid fears of an RBI rate hike and potential pressure on net interest margins. He also discusses how FCNR inflows could provide support, although their impact on incremental lending may take two to three months to emerge.