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The S&P BSE Sensex and Nifty50 have lost momentum after rallying over 6 per cent in the week gone by, but analysts advise investors that there is nothing to fear because and investors should keep deploying buy on dips approach.The domestic market has moved in line with the recovery in global equity markets, and it is unlikely that Nifty50 will retest the 7,000 level anytime soon unless global sentiments take a hit.
The S&P BSE Sensex and Nifty50 have lost momentum after rallying over 6 per cent in the week gone by, but analysts advise investors that there is nothing to fear because and investors should keep deploying buy on dips approach.The domestic market has moved in line with the recovery in global equity markets, and it is unlikely that Nifty50 will retest the 7,000 level anytime soon unless global sentiments take a hit.
India's stock markets clawed back losses to close higher on Wednesday, led by gains in Reliance Industries and with lenders resuming a rally on continued hopes that the Reserve Bank of India (RBI) would cut interest rates.The benchmark BSE Sensex rose 0.55 percent to end at 24,793.96, while the broader NSE Nifty ended up 0.62 percent at 7,531.80.
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