Benchmark indices staged a relief rally on Tuesday from Monday’s sharp losses while broader Mid and Small cap indices extended their declines as they continued to underperform on valuation and earnings concerns.
«We maintain our sell on rise stance for the index and emphasize the importance of robust risk management, particularly in broader market segments like midcaps and small caps, while awaiting clearer signals,» said Ajit Mishra – SVP, Research, Religare Broking.
Here's breaking down the pre-market actions:
STATE OF THE MARKETS
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