Nifty week ahead: Bulls now looking forward to Budget after a brutal selloff1 min read . Updated: 28 Jan 2023, 01:45 PM IST
- Nifty has broken down its one-month range of 18,200 to 17,800
It was a painful week for the market, where BSE companies lost ₹11 lakh crore in market capitalization in the last two trading sessions. The entire gloom can be attributed to the Adani Group's mayhem, which has lost ₹4 lakh crores in market capitalization in the last two trading sessions following the publication of a research report with red flags by Hindenburg. The Nifty, Sensex, and Bank Nifty have all broken through key support levels, but bulls are hoping that the budget will act as a catalyst, putting bears on the defensive.
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