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Below the Quote on Weekly Market Commentary by Mayank Mehraa, smallcase manager and Principal Partner, Craving Alpha

“Nifty's 3.4% four-week descent from nearly 20,000 to 19,300 indicates a pause in its upward trajectory, with this week seeing a 0.7% fall. Factors include re-evaluation of the strong trend driven by Indian indicators and FII inflows. The US 20-year T Bond rise to 4.5% may divert liquidity from emerging markets like India. Elevated Indian inflation figures might impact expected rate cuts or lead to hikes. Sectors like Metal & Mining, Larger Auto players like Hero Moto and Tech companies contributed to the fall. The ongoing correction could extend through September, with Q2 results possibly sparking a new bullish phase in October. Market dynamics reveal the complex interplay of global and local factors. Navigating this period demands vigilance and adaptability.”

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