According to Nagaraj Shetti of HDFC Securities, the short-term market outlook remains uncertain due to ongoing volatility. A substantial upward rally is unlikely until the Nifty crosses the 24,500 mark, with potential support around the 23,800 level on the downside.
Around nine equity mutual funds are down by more than 15% from their respective 52-week high NAV.
Gold prices jumped Rs 350 to Rs 79,200 per 10 grams in the national capital on Friday on the back of continued buying by jewellers
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