Japan’s Nikkei share average fell over 4% due to a stronger yen after Shigeru Ishiba, perceived as a monetary policy hawk, won the prime ministerial contest. The broader Topix index also declined, and government bond yields rose. Ishiba’s stance on monetary policy remains unclear as he assumes office on Tuesday.
Nifty may hit 24,060 before recovery, IT breakout imminent: Geojit’s Anand James
Despite Friday’s recovery attempt, technical charts are painting a cautious picture for Nifty in the coming week. Anand James, Chief Market Strategist at Geojit Investments