With the Indian economy maintaining high growth, Japanese corporations are showing more interest regarding investment in India, according to Nomura. Manufacturing sectors have been the main driver of Japanese direct investment in India to date, with transport equipment accounting for 35.1% of direct investment in the country, machinery equipment for 10.5%, and chemicals and pharmaceutical for 6.5% as of end-2022.
Tech View: Nifty forms Piercing Line candle on weekly charts. What should traders do next week
Nifty is expected to move towards the upper range of 22800 levels in the next 1-2 weeks. Immediate support is placed at 22200 levels, said