From 90% premium, it has now come down to somewhere around 55% to 60%. But at the same time, Indian earnings estimates are also coming down. If you look at the consensus EPS estimates for 2025, 2026, over the last one month maybe five to six weeks they are down about 5%, which is a major departure from the trend that we had seen earlier.
Nifty rally not sustainable on few big names, broader participation essential: Rahul Ghose of Hedged.in
The December weekly closing formed a neutral candle, reflecting indecisiveness in the market due to the holiday season. Short-term support is around 23,200–23,300, with potential
December 29, 2024