Morgan Stanley warns that the recent decline in oil prices could be concerning for Indian equities if it signals a global slowdown. While lower oil prices might seem beneficial for India’s economy, the impact depends on the reasons and duration of the fall.
Tech view: Sustenance of upmove in Nifty crucial for buying interest, resistance at 24,567. How to trade tomorrow
Nifty closed with a meaningful gain after several days. It formed a high wave type candle, hinting at an upward correction. Support is at 24,073-24,135,