The correction seen by domestic equities in seven consecutive sessions indicates that investors have factored in a 50-basis-point hike in the repo rate by the RBI.
Nilesh Shah of Kotak AMC has advised people not to try to predict the market, stating that more often than not, they will be wrong.
As all major companies have already announced their Q4 results, brokerage firm Motilal Oswal has upgraded and downgraded the estimated FY24 earnings of several stocks.
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