Market move● Neutral for Kotak Mahindra Bank
Kotak Mahindra To Eternal: Five Stocks Defying Gravity Amid Prolonged Nifty Weakness
The brief
- The Nifty had fallen for eight straight weeks
- Investors have favoured companies showing resilient fundamentals, the report says
- The report highlights selective resilience amid weakness in Indian equities, without naming the five stocks in its summary
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Nifty’s prolonged decline and market outlook
The Nifty fell 6.7% in the September series, its worst in 25 years, and recorded an eight-week losing streak; foreign investors sold ₹25,662 crore of equities in September. Reports cited pressure from high US yields, rising crude and outflows, with the index below its 200-week moving average and 22,600 identified as a key level.
Tuesday, 6 October
- Kotak Mahindra To Eternal: Five Stocks Defying Gravity Amid Prolonged Nifty Weakness