Markets near short-term bottom after four-day correction: Rohit Srivastava

Market strategist Rohit Srivastava suggests Indian equity markets are nearing a short-term bottom after a four-day correction. He anticipates a resumption of the upward trend as short-term indicators become oversold. Srivastava also notes ongoing rotation within the banking sector, favoring PSU banks and NBFCs due to their stronger growth prospects compared to private banks.

Adani Power shares fall 11% in 2 days after a 35% rally. Should you buy the dip?

Adani Power shares are declining after a recent surge. The stock had risen following a stock split and positive brokerage reports. Profit booking has led to a decrease in share value. Technical indicators suggest the stock is overbought. Analysts advise caution, suggesting buying on dips. Brokerages support long-term growth, but execution risks exist. Valuations are […]