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Market in limbo, may wait for direction till February
Mint Mumbai
|November 30, 2024
Choppy waters
The benchmark Indian equity indices have shown little movement over the past month, and market experts suggest that the lack of fresh triggers may keep the market range-bound in the near term.
On Friday, Nifty 50 and Sensex ended 1% up at 24,131.10 and 79,802.79 points.
"Today's up-move seems like a bounce from the monthly expiry led correction yesterday (Thursday)," said Gaurav Dua, senior VP & head Capital Market Strategy, Mirae Asset Sharekhan.
Sneha Poddar, VP-research, Wealth Management at Motilal Oswal Financial Services, said, "The market seems to be taking a breather, and we might have to wait until February for a clearer direction."
Dit verhaal komt uit de November 30, 2024-editie van Mint Mumbai.
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