After The Break Below 8,000, More Weakness In Store For The Nifty: Chandan Taparia

Indian equity markets have gradually moved lower through the week challenging the strong support of 8,000 on the Nifty 50 index. While the Nifty moves further towards the lower end of its long-held range, questions have arisen on the strength of its near-term support levels. With a lack of participation from foreign institutional investors, where are Indian equity markets headed as we move towards the year’s end?

On Bloomberg Quint’s Surf’s Up, which tracks weekly trends in equity derivatives, Chandan Taparia of Anand Rathi says the equity market could grind even lower in the near term. He also expects weakness in certain banking stocks. For more on what levels to bear in mind and stocks to watch, listen in.