In fact, on the daily’s, it was at a very interesting point where we saw a bounce coming in from the bottoms of 47,900 levels and from there we are sustaining high in the trade, but in the intraday structure over here we are seeing certain profit taking coming in in Bank Nifty as well.
QSR chains face margin pressure, not demand shock: Karan Taurani on fuel and LPG impact
Rising fuel and LPG prices are impacting India’s consumption landscape unevenly. While some sectors like QSR face margin compression due to high LPG dependence, others