Indian markets closed marginally lower on Tuesday. The Nifty formed a bearish head and shoulder pattern, suggesting potential downside to 22,000. 24,500-24,700 is a strong resistance zone. Metals, telecom, and IT stocks gained, while healthcare, energy, oil & gas, auto, and utilities declined. HDFC Bank, Praj Industries, and Kaynes Technology hit new highs.
ETMarkets Smart Talk: Debt-to-GDP ratio as a fiscal anchor – a possible game-changer for PSU capex
Currently, the government spending cycle, notwithstanding this year’s blip (which we think is a blip, and we will discuss the reasons later), looks to be
January 8, 2025