The near-term trend of the index remains positive, but with a crucial hurdle around the 23,300 level, there is a high chance of a short-term downward correction. Immediate support is at the 23,100 level, according to Nagaraj Shetti of HDFC Securities.
MSCI rebalancing on Monday: Adani Energy, Groww set for big inflows; RIL, Jio Financial may face outflows
MSCI’s latest rebalancing is set to drive heightened trading activity in several Indian stocks on Monday, with revised weights taking effect from September 1. The