Long unwinding refers to the selling of positions or stocks owned for a longer period either to book profit or to exit it in anticipation of impending bearishness. In Friday’s trading session, five stocks witnessed a long unwinding. Here’s the list:
The Reserve Bank of India has issued a letter of ‘displeasure’ to Bajaj Finance for failing to identify customer risks in its co-branded credit card
The Nifty IT index tumbled 4.2% – the biggest loser among sector indices. Shares of Persistent Systems plunged 10%, while Coforge dropped nearly 8%. TCS,
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