Market strategist Rohit Srivastava, founder of Strike Money Analytics and Indiacharts, believes the market’s festive momentum will continue. After months of consolidation, he said the Nifty is gearing up for a strong breakout, supported by improving earnings, policy tailwinds and positive technical cues. “We are holding on to these gains because all the bad news […]
Mumbai: Icici Securities said that the market-CAP share of defensive sectors such as FMCG, IT and Healthcare withdrew to around 20%-the lowest level since 2011 of its peak of 30% in 2020. The brokerage said that the profit pool of defensives has fallen to 16% of around 40% in FY21 and is on the way […]