Indian Nifty Market Financial Services and Tips
Indian equities have shown some signs of struggle recently, with the Nifty coming off a top of about 9,100 to nearly 8,650 in 15 days. The outlook for the medium term – from now till about October – looks clouded as “headwinds have been growing while tailwinds are reducing”, CNBC-TV18 consulting editor Udayan Mukherjee said in an interview.
The veteran anchor and financial journalist said that in the wake of earnings not picking up as much as earlier thought and with valuations continuing to remain slightly uncomfortable, the Nifty could stay in a 8,500-9,100 range in the medium term.
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