Posted 3/21/2024, 1:40:47 AM
Market Sentiment Cautious as Indices Fall; Cummins India Outperforms While Cement and Tyres Face Downgrades
- Market sentiment turning cautious amidst falling indices; time to be selective when buying stocks
- Institutions not rushing to buy stocks; bears taking chances in current market conditions
- Cement and tyre sectors facing downgrades and dim outlooks from analysts
- Competition forcing cooling product companies to cut prices despite hot summer forecast
- Cummins India benefiting from first-mover advantage in new emissions norm products; Tata Technologies facing risks due to high client concentration