Given the relatively better performance of the midcap stocks’ universe when compared to the main indices, some rebound in price in this stock cannot be ruled out when supported by important technical developments on the charts.
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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