As long as the job market doesn’t show signs of weakness, equity markets may not correct much. Inflation is under control as far as our economy is concerned and falling crude oil prices will only help.
Nifty’s short-term trend seems to have reversed down after a reasonable rise from the lows. Immediate support is placed at 22,300 and the weakness below
State-owned Bank of Maharashtra (BoM) on Friday reported a 45 per cent jump in its net profit to Rs 1,218 crore for the March quarter,
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