“The trade is undoubtedly on the long side. However, it would be quite prudent to exercise some degree of caution now. Since the FIIs’ net long is currently at an all-time high of 82%, they can begin to rise in the short. After all, mining and longs can occur. In that scenario, Nifty may potentially experience a 400–500 point drop. Additionally, Bank Nifty is also able to detect up to 1,000 significant points,” said Shilpa Rout of Prabhudas Lilladher
Defence sector growth will be modest despite Budget boost: Manish Sonthalia
So, it is again going to be back ended in terms of how the growth picture looks like because FY25 is a given is a
December 27, 2024