Why stock market keeps falling; target level, investor strategy
Amar Ambani of YES Securities expects Nifty to settle between 22,200 and 23,000, with value buying from domestic investors and FII inflows likely to follow. The market has been under pressure due to strong US economic data, ongoing FPI selling, geopolitical tensions, and weak earnings.
The US Federal Reserve’s stance on delaying rate cuts further weighs on sentiment. FII outflows are driven by shifts to China and US assets.
Earnings downgrades for several large companies have led to reduced Nifty earnings estimates for FY25 and FY26. Meanwhile, the Maharashtra elections are adding uncertainty, with the BJP-led coalition seen as having an edge.
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