A recent report from Morgan Stanley reveals a notable trend in wealth accumulation in India over the past decade. Indian households have collectively accumulated $9.7 trillion in wealth. Property remains the primary source of this wealth, though gold and equities have also made substantial contributions. Gold represented 22% of the wealth added over the last 10 years, while equities accounted for 20%.
Market Outlook for 2025: Nifty faces tough resistance at 23,780, says Rohit Srivastava
So, on the downside, then we will again look at retesting 23,200, the lows that we made last month and if that breaks, then possibly
January 1, 2025