Analysts see the possibility of a rebound in the Nifty after the index recorded a record eight-week losing streak.
A recovery after prolonged losses
The outlook follows an unusually long run of weekly declines for the Nifty. The eight-week sequence marks a record losing streak, according to the source.
Analysts' expectation of a rebound places attention on whether the benchmark can recover after its extended period of losses. No further details on the timing, scale or factors behind a potential recovery were provided.
What is known
- The Nifty recorded a record eight-week losing streak.
- Analysts see a possible rebound following the decline.
- The source does not provide a target, forecast period or explanation for the expected recovery.