Bulls Slip Back into the Ring

As children we all must have heard the phrase “slow and steady wins the race”. It emphasises that consistent gradual progress leads to the best results, not brief, intense effort. This is precisely what we have witnessed on D-Street over the last week. The NSE benchmark Nifty 50 has made steady progress from the lows of April 21, 2023 and has finally managed to cross the high of April 13. Over the weekend, Reliance Industries came out with impressive results, making it the first heavyweight stock in the recent earning season to do so. ICICI Bank also reported streetbeating numbers, which bolstered the bulls’ confidence right from the start of the week.