In fact, a couple of weeks back, India-dedicated flows received the highest levels in probably 15 years. We just got $500 million per EPFR in that week. So, one is liquidity. Now, if you go to fundamentals, Q4 numbers were okay, EBITDA growth YoY of 11%, PAT growth of 19% but the quality was poor especially in the Reliance which moved numbers by quite a bit (5:55) to lower tax.
Tech view: Nifty closes below 25,900, forms long bear candle. How to trade tomorrow
A technical analyst, Nagaraj Shetti, believes that the Nifty index is likely to decline further in the near future. He points to the formation of
September 30, 2024