Market expert Ajay Bagga analyzes the recent market downturn, attributing it to global outflows and uncertainty surrounding the US elections. He suggests that while the Indian markets have factored in corporate earnings weakness, a bottom formation hinges on a halt to FII outflows. Also, in case of a Trump victory, there could be a new incumbent in the Fed chairperson’s office very soon.
Kaynes shares plunge 43% from October peak. Is a tactical rebound on the cards or more pain ahead?
Kaynes has plunged 43.5% from its October peak, with Friday’s 12.5% drop marking the steepest single-day decline. Momentum indicators remain bearish, signaling a risk of