Nifty and Sensex were down 1.25 % today despite positive By Hemang Jani, Motilal Oswal
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Below are Views On Nifty and Sensex were down 1.25 % today despite positive By Mr. Hemang Jani, Head Equity Strategy, Broking & Distribution, Motilal Oswal Financial Services
“Nifty and Sensex were down 1.25 % today despite positive statements by US Fed on the interest rate outlook and continuance of accommodative policy. Indian market has been in a corrective phase for the past 10 days, due factors like high bond yields in US, slew of QIPs and IPOs taking away liquidity from the system and increased no of covid cases being reported across the country. Market may remain dull over in the near term but once the Q4 earning previews start flowing in there would be renewed interest by market participants.”
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