Berger Paints dropped 6% to Rs 582.8, while Asian Paints fell 4.4%. Kansai Nerolac, Akzo Nobel, and Indigo Paints also saw declines of up to 3%. Similarly, tyre stocks like Apollo Tyres, Balkrishna Industries, Ceat, Goodyear, JK Tyre, and MRF plunged by up to 4%. The fall in paint and tyre stocks is attributed to rising crude oil prices, as both sectors heavily depend on petroleum-based raw materials.
F&O Talk| Nifty trading trapped in 23,000-25,000 range with bearish long-term outlook: Rahul Ghose of Hedged.in
With the current market scenario, analyst Rahul Ghose, Founder of Hedged.in interacted with ET Markets regarding the outlook on Nifty and Bank Nifty and an
January 5, 2025