At 12:36 hours IST - the benchmark Nifty has tested 5,650 again on the back sell-off in oil & gas, financial, telecom, metal, FMCG and select auto companies' shares. Asian markets too slipped further; Shanghai tumbled 2.7% and Hang Seng lost 1.7%. Nikkei and Straits Times were down 1% each. Kospi and Taiwan fell 0.4% each.
Suresh Mahadevan, managing director and head of Indian equities at UBS Securities doesn't see much downside from current levels. However, he doesnDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
