If we actually close below 49,800, it would end up indicating that we are probably going back to 47,100 to maybe 46,200 kind of range in the coming weeks, so that is the setup in the main two indices that we are seeing.
A Hyderabad man lost Rs 2.8 crore in a fake IPO scam after being lured through a Facebook ad and a fraudulent app called ASKMIN.
LGT Wealth’s Chakri Lokapriya notes that earnings cuts are expected to continue, potentially impacting Nifty’s growth. However, he sees potential for market improvement in the
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