“Now with the deflationary and the recessionary scenario coming in the global setting, the money that had left India to go to the commodity producing countries is likely to re-shift from the commodity exporting market to a commodity importing market like India. FII flows will come and support the market. “
Nifty Pharma, 4 others hit 52-week high since Iran war while Nifty fell 7%. Will the form continue?
Despite a challenging market backdrop fueled by geopolitical tensions and foreign fund outflows, five Indian sectors—Pharma, Energy, Defence, Capital Markets, and Metals—are showing remarkable strength.