Some brokerages have raised the target price for Paytm stock to Rs 900, and on the other hand, SBI Life shares fell by 5% due to results that were worse than expected.
From a technical perspective, momentum indicators continue to signal a negative trend, as the Nifty
remains below its short- and medium-term moving averages
The outlook for this year's GDP growth isn’t promising either, causing concern among companies like Nestlé, Tata Consumer, Parle, and Britannia regarding declining urban FMCG sales
Some speculate that a Kamala Harris presidency could increase the deficit, potentially raising interest rates and pushing up the dollar, which might lead to gold price increase
On the technical front, momentum indicators continue to suggest a bearish outlook, with the Nifty trading below its short- and medium-term moving averages