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Rajesh Palviya of Axis Securities sees Nifty and Bank Nifty under pressure, with key levels likely to dictate moves. He expects IT stocks to remain weak and advises selective trades in Ashok Leyland and Biocon.
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Indian equity markets witnessed a sharp 2.5% plunge this week, ending a three-week rally. Global trade tensions, H-1B visa concerns, and FII selling fueled the downturn, severely impacting IT stocks. Analyst Sudeep Shah warns of further Nifty and Bank Nifty corrections if crucial support levels fail, while Nifty Metal shows relative strength. Investors face a volatile October ahead.
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News and Media
Market direction remains uncertain amid external policy risks, currency volatility, and crude price fluctuations. Short-term focus is on consumer sectors, while long-term opportunities lie in real estate, industrials, and PSU banks driven by consumption and private capex.
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News and Media
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