Nifty overbought, market may see sectoral rotation in the near term

Contrary to expectations, India’s power consumption grew in double digits YoY at 11.4 per cent in the first half of this month. This signals buoyancy in industrial and commercial activities after months of subdued activity and indicates that India as an economy is in now a superior position compared with other developed countries.

from Markets-Economic Times https://ift.tt/35th2OP