“The stock had made a double top around Rs 815 in the month of April this year and fell sharply by about 25 per cent to reach towards Rs 615 by mid-June,” Rupak De, Senior Research Analyst at LKP Securities, said.
Foreign investors have resumed selling Indian equities in September, with FPI outflows crossing Rs 23,000 crore through September 19. Higher crude prices, elevated US bond
Indian equities extended their recovery, with Nifty gaining 0.33% as moderation in crude and global yields supported sentiment. Sensex slipped 0.03%, while broader markets outperformed.
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