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Last week saw the biggest weekly rally in the Nifty 50 in nearly 6 years!
Interestingly, this comes at a time when fears of an AI bubble bursting are growing in China and the US.
Here's what's happening >>> 🧵
Foreign investors also reduced their bearish positions in Indian index futures significantly.
It is, however, important to note that despite last week's 8.58% rally, the Nifty 50 is still down 4.27% since the beginning of 2026.
As of November 6, only around 43% of the Nifty 500 stocks were trading above their 200-day moving averages.
Was this just a short-term rally or can the situation improve for Indian markets? What do you think?
Despite the sell-off in US tech stocks, Nifty IT opened higher today.
Does this reflect different investor expectations, or just a short-term divergence? What do you think?
