“The markets were raring for an opportunity to move higher, and the Maharashtra election outcome is likely to be that trigger, but it is largely a sentimental flip,” said Rohit Srivastava, founder, indiacharts.com. “An oversold market feeds on itself and the short covering Friday was just the beginning.”
Nifty records worst February month since Covid-19 with 6% loss
Nifty suffered its worst February decline since 2020, dropping 5.9% amid a broad sell-off, primarily in IT, auto, and pharma stocks. The index is down
February 28, 2025