The Nifty tanked 1.4%, or 320.10 points, to close at 23,024.65. The Sensex plunged 1.6%, or 1,235.08 points, to close at 75,838.36. Both indices fell over 0.5% each in the last week. The selloff eroded India’s market cap by around ₹7.52 lakh crore.
Kaynes shares plunge 43% from October peak. Is a tactical rebound on the cards or more pain ahead?
Kaynes has plunged 43.5% from its October peak, with Friday’s 12.5% drop marking the steepest single-day decline. Momentum indicators remain bearish, signaling a risk of