Commenting on the current market situation, Amar Ambani, Head of Research, IIFL, said, “The selling pressure intensified with Nifty just managing to hold on to the 7600 mark. Nifty is heading towards September lows of 7540 and if it is unable to find any meaningful support around those levels, no immediate respite is likely in the ongoing bear onslaught. Investors should remain cautious and increase their cash holding for better bargains in the coming days.”
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