Indian market is likely to consolidate on Thursday tracking mixed global cues. The Nifty future closed positive with gains of 0.15% at 25055 levels on Wednesday. India VIX was up by 2.55% from 13.70 to 13.98 levels. On the options front, the maximum Call OI is placed at 25,100 and then towards 25,500 strikes while…
READ MOREWhile the Nifty managed to hit the 25K mark, the weekly trade was largely range-bound, with the 50-stock index ending the week with a 0.47% decline, dragged down by fears of a US economic slowdown and Japanβs rate hike. When markets resume trading on Monday, a host of important domestic and global events lined up…
READ MORE“We see the risk of an imminent 5-10% correction in the headline indices, with bigger drawdowns in small and midcap stocks. Nifty valuations are stretched at 21.4x 1YF PER, and a positive budget is now in the price. There are no additional positive catalysts, as we expect a tepid 1QFY25 earnings season with rate cuts…
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