Adding to the sudden reversal in foreign buying interest in bonds is the rise in crude oil prices over the past few weeks due to concerns of tighter supply and a recent flare-up in Middle East tensions. A higher trajectory for crude oil prices imparts uncertainty to the outlook on India’s inflation and trade deficit.
Market Outlook for 2025: Nifty faces tough resistance at 23,780, says Rohit Srivastava
So, on the downside, then we will again look at retesting 23,200, the lows that we made last month and if that breaks, then possibly
January 1, 2025