“Oscillators are overbought, but they have been so for some time already now, and have been less effective because of the directional nature of the index,” Anand James – Chief Market Strategist at Geojit Financial Services, said.
D-Street set to tumble as US tariffs hit markets
Indian shares are expected to open lower on Thursday following U.S. President Donald Trump’s imposition of a 26% reciprocal tariff on imports from India. This