IndusInd Bank rose more than 7% in a week, which helped the stock to break out from an inverse head and shoulder pattern on the daily charts and that has opened room for the stock to head towards Rs 1,300-1,600 levels in the short-medium term.
FII inflows driven by relative stability, not blind optimism: Saion Mukherjee
The market construct looks quite positive. But I do not think we are out of the woods yet. My concern would be how the economy