Uncertainty Keeps Investors in a Conservative Mood
As a scorching heat wave sweeps across the country, temperatures in the Delhi NCR region have soared to a record-breaking 50 degrees Celsius. But on D-Street, market participants are feeling a different kind of heat. Nifty, after reaching an all-time high, saw a rapid correction of 3 per cent within just four trading sessions, causing unease among investors. However, there’s a glimmer of hope for both the markets and the general public. The southwest monsoon made an early entrance in Kerala and the north-eastern states on Thursday, bringing heavy rains to the region and signalling the start of the four-month monsoon season.