Sensex and Nifty being at record high levels, many traders are uncomfortable going long as the risk-reward ratio looks more in favour of shorts in multiple stocks.
US stocks closed lower after hotter-than-expected inflation data strengthened expectations of a December Federal Reserve rate hike and raised the possibility of more aggressive tightening.
Wells Fargo upgraded its outlook on US AI infrastructure stocks to neutral from negative, citing improved valuations after a steep semiconductor sell-off. However, it warned
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