NEW DELHI: Profit booking in private banks and FMCG counters pushed benchmark indices lower on Wednesday as weak global cues dented the morale of the investors on Dalal Street.
The steady decline in fresh Covid cases and rising recovery rates indicate that India is succeeding in bending the Covid curve. This has paved the way for progressive unlocking and consequently unlock trade is happening in the broader market, said an analyst.
With such outperformance, valuations in the broader market too…

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