Shares of companies like PFC, REC Ltd, and Adani Ports plummeted in today’s market turmoil due to poor Lok Sabha election results for the Narendra Modi-led NDA government.
Following an eight-week losing streak in the Nifty, its first such run since 2001, domestic brokerage PL Capital remains cautious on the near-term market outlook.
SBI Securities’ Sudeep Shah sees scope for Nifty’s recovery if it holds 22,750, with IT, private banks and media leading. He flags key resistance levels,
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