Nifty experienced a sharp decline on Friday, with broad-based selling impacting auto, financials, and FMCG stocks. The index has fallen below key short-term moving averages and the 200-day DMA, signaling continued weakness. Technical analysts suggest immediate support at 25,000 and resistance at 25,370.
BofA cuts India’s Nifty 50 earnings forecast as stagflation fears rise
BofA Securities has significantly lowered its earnings growth forecast for Nifty 50 companies to 8.5% for FY27, citing rising stagflation risks and potential impact of