Indian benchmark equity indices fell on Wednesday, weighed down by IT stocks and following a decline in global markets amid renewed concerns about a potential slowdown in the United States.
The IndiGo stock has underperformed following a significant miss in the company’s 2Q results, driven by higher costs impacting profitability. However, Jefferies expects cost normalization
According to Hrishikesh Yedve of Asit C. Mehta Investment Intermediates, if the Nifty sustains above 23,460, a short-term pullback toward 23,800-23,900 is likely. However, resistance
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