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Editor’s Take: Healthy consolidation is imminent, says Nikunj Dalmia


Mumbai: The market has been defying the crisis and instead focussing on optimism at every level. Policy action propelled the markets in April. Markets breathe a sigh of relief in May on the macro front after investors realised that the pandemic impact on the economy will be not as massive as earlier predicted. June came with a promise of medical action and outbreak containment, which calmed the nerves.

But now that the optimism is played out, what’s next for the market? A consolidation looks evident right now given the lack of new macro indicators. The market will await positive ...


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