Benchmark indices – Sensex and Nifty – are almost 10% down from their peaks made on September 27, led by a sell-off by foreign investors sparked by a rebound in Chinese equities and disappointing earnings in the September quarter. The Midcap 150 index declined 10.9%, SmallCap 250 index dropped 9.1% and the Microcap 250 fell 8.3% in this period.
Oversold market poised for short-term rebound: Rohit Srivastava
And if we do not go beyond that and do start falling again, yes, we can create a case that this will become a further
November 18, 2024