India Stays Resilient, Keeps Shining

Yet again the market has given way and the Sensex has floated around the level of 56,000. Since August 2021 when the market had breached the level of 56,000, the Sensex has kept falling back to these levels despite having made three big attempts to summit 62,000. While this slack or frequent pullback may be frustrating for the bulls, it is healthy for the market in the long run. Practically, another three months and we would have completed about a year when the market has oscillated between the levels of 56,000 and 62,000. This consolidation phase tends to make these levels the base for any future rallies.