Market move▼ Bearish for Indian equities
Will Nifty's 8-week losing streak trigger a relief rally but the big bottom isn't in yet
The brief
- Only 12% of NSE 500 stocks were above their 20-day moving averages; 16% were above their 50-day averages
- The report said a relief rally may occur, but the market bottom is not in yet
- Weak market breadth signals continued downside risk for Indian equity investors
- Ease of biz relief in store for small ecomm sellers
- GST Council may consider compliance reforms offering relief to e-commerce sellers and buyers
- Department of Commerce extends RELIEF program timelines to support exporters facing geopolitical risks