In an already beaten down market, Thursday's carnage on D-Street dragged indices to fresh five-month lows with the BSE Sensex slipping below the 37,000 mark. On the other hand, the Nifty, too, breached 11,000 mark in the intra-day trade.
Mixed corporate earnings, weak domestic and global cues, and continuous selling by foreign portfolio investors (FPIs) were among the key reasons for the fall.
The current scenario begs the question whether we will see the rebound any time soon?
Amid the weakening market situation, Tanushree Banerjee sees the Rebirth of India opportunity. Tanushree believes there are 50 irreversible trends that will the push Sensex to 1,00,000.
Meanwhile, the global markets also witnessed the sell-off on the back of escalating trade tensions and fed rate cut this week.
Now, after the fed's rate cut, market participants will watch out for RBI's monetary policy stance next week. Will RBI cut the rates?
Tune in to know more...
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