Nifty had an enviable run last week, having thwarted multiple attempts by bears and recovering in breathtaking fashion. This run has taken us to the 21K summit, but incidentally, buyers were seen withdrawing post testing this psychological mark. This leads us to suspect that bears have regrouped enough to make a serious dent in the 19,850/800 region, and should it give away, a quick drop to 20,640/560 would be the first outcome
Year-ender 2024: FII selling crosses Rs 1 lakh crore in 2 sectors. Will 2025 see a U-turn?
Foreign Portfolio Investors (FPIs) focused on selling financials and oil & gas stocks in 2024, resulting in significant sectoral outflows. Outlook for 2025 suggests moderate
December 22, 2024