We had gone into last Friday with a downside objective of 17460. The easing of downside momentum after being in the 17500 vicinity encourages us to hunt for upsides, Anand James Chief Market Strategist at Geojit Financial Services, said.
Benchmark BSE Sensex dropped 72 points as IT shares retreated. Swiggy fell 1.2%, RVNL gained 0.8%, and TVS Motor declined 1.5%. Analyst Viral Chheda advises
The widening yield spreads between corporate bonds and U.S. Treasuries signal growing investor concerns over a potential recession and a global trade war.
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