Reliance Power shares have plummeted 31% in a month amid regulatory scrutiny and Anil Ambani’s ED questioning over alleged loan fraud. Technical indicators signal a bearish trend, with the stock trading below key moving averages. Analysts advise caution, suggesting investors avoid new entries and consider exiting existing positions until stability is confirmed, given the ongoing investigations and reputational risks.
Sensex falls over 100 pts, Nifty below 22,550 as market heads for 8th weekly loss, overtaking COVID crash. More pain ahead?
Indian equity benchmarks Sensex and Nifty fell for a fourth straight session on Thursday, heading for their eighth consecutive weekly loss. Driven by intense FII