As the Sensex reached a remarkably impressive five-session winning streak, it came to a stuttering halt amid apprehensive US-China tensions and the rapid spread of COVID-19, not unakin to wildfire. However, it isn’t a cause of worry for most analysts who predict the uptrend shall resume quite soon, Sensex dropped 59 points to 37,872 by its closing, and Nifty dropped 30 points to 11,133 by the time it closed. It is predicted that any more decline in Nifty to 10,800 would be an excellent opportunity for investors to get their stock bids in.
Writer: Insha Hamid
25/07/2020
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