Market strategist Rohit Srivastava suggests Indian equity markets are nearing a short-term bottom after a four-day correction. He anticipates a resumption of the upward trend as short-term indicators become oversold. Srivastava also notes ongoing rotation within the banking sector, favoring PSU banks and NBFCs due to their stronger growth prospects compared to private banks.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets