Indian market set to consolidate on Wednesday; Nifty down 0.78% at 22375. Key support at 22222 crucial. Analysts recommend Tech Mahindra, ITC, Wipro for short-term trading, targets provided.
India’s gold consumption is projected to drop to 650–700 tonnes this year as a sharp price rally hurts jewellery demand. Investment buying remains strong, with
Federal Reserve President John Williams told CNBC on Friday he does not see an imminent need to follow last week’s interest rate cut with another
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