Outcome of state election results hints at continued uprun in market ...Middle East

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New Delhi: The outcome of state election results hints towards continued uprun in the market, Dhiraj Relli, MD & CEO at HDFC Securities, said on Monday. While part of the outcome was discounted in advance, there is a scope for a further upmove, discounting the positive surprises coming out from the results, he said. “Having said that, we could witness some profit taking at higher levels due to end of a near-term uncertainty,” Relli added. If FPIs indulge in large short covering in F&O markets and increase momentum of buying in cash markets post these results, Nifty could keep rising at a healthy pace beyond a couple of days. Markets will also look forward to fresh triggers from now (other t

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Last updated : 03 Dec 2023 clock 04:41 PM

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Outcome of state election results hints at continued uprun in market ...Middle East

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