Nifty’s next move: What Reliance and HDFC Bank are signalling
Live MintOver the past month, we have witnessed a significant correction in Nifty50, marking the first double-digit correction in the last four years. During this period, many mid- and small-cap stocks have seen sharp declines of over 50%, which, although common during corrections, is concerning when it affects frontline stocks. Greed turns to fear, and as Warren Buffet says, “Be greedy when others are fearful…" The current reversal saw frontline stocks across multiple sectors decline by more than 20%. View Full Image Source: Investing.com As we approach this potential recovery phase, readers can take two distinct approaches when selecting stocks: 1. View Full Image Source: Investing.com Since the start of October 2024, Nifty50 has corrected by over 6%, with Reliance Industries standing out as one of the worst performers, down by 12%.