According to him, continued tight monetary policy, worsening geopolitical tensions, slow or negative growth globally and sub 5 per cent GDP growth in India may hinder the rally. He has picked metals, oil and gas and IT pack as laggards.
Recently, the market witnessed a downturn, with eight of the leading firms in India suffering major valuation losses. The declines of HDFC Bank and Bajaj
Foreign investors withdrew significant funds from Indian equities in October amid concerns over inflation and crude oil prices. Despite this, there were signs of moderation
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