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Nifty Outlook
Banking continues to impress; but some distortion in midcap index
The week started with a decent bump up which was then followed by yet another gap-up on Tuesday to reach new milestone of 18,600. However, the high-beta midcap counters (recent movers) started correcting fiercely, which dampened the overall sentiment in the market.
The Nifty had a rub-off effect of this and in the process; it came off slightly in the following couple of sessions as well. Thursday morning, the global markets were a bit stable and as a result, our markets opened with a decent
Banking continues to impress; but some distortion in midcap index
The week started with a decent bump up which was then followed by yet another gap-up on Tuesday to reach new milestone of 18,600. However, the high-beta midcap counters (recent movers) started correcting fiercely, which dampened the overall sentiment in the market.
The Nifty had a rub-off effect of this and in the process; it came off slightly in the following couple of sessions as well. Thursday morning, the global markets were a bit stable and as a result, our markets opened with a decent
