“The September expiry, especially the second half was dominated by the bears. However, the October series has started on a strong footing. Although the market is not yet out of the woods, the downside looks restricted from the current level. Overall structure shows that the index can witness sideways to positive action & can test 17500 on the upside.”
Select SFBs and MFI players positioned for earnings upside: Rajiv Mehta
Non-banking financial companies are demonstrating early resilience, with collections holding firm across key segments like vehicle finance and microfinance. Despite lingering macroeconomic uncertainties and inflation,