After Monday’s sell-off, Indian equity markets may see some rebound today. Entering Tuesday’s session, SHX Nifty was marginally in green hinting at a flat to positive start for BSE Sensex and NSE Nifty 50. “Near term weakness might continue in Nifty given weak global economic cues, crude hovering around $100/bbl and rupee depreciating above 80 levels. Broader market which has been showing strength could also see some pressure going ahead, if overall weakness persists. Given the global uncertainty, India’s Q1FY23 GDP data this week could provide some relief in an otherwise lacklustre market,” said Siddhartha Khemka, Head – Retail Research, …
