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Nikhil Kamath · @nikhilkamathcio

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Indian Market Resilience And Rallies

From x.com/nikhilkamathcio

On 2022-11-03, I noted that the Fed raised another 75 bips and signalled further action while the Nasdaq was down 3 percent and NIFTY was almost back in the green. I called NIFTY’s performance crazy relative strength and asked why; I gave no explanation or supporting analysis.

The post records a market snapshot and an open question, not a prediction or a decision. It does not identify what drove the difference between NIFTY and the Nasdaq.

On 2022-09-09 at 04:11 UTC, I asked whether the fact that India had held up meant there was more room to fall or that India was stronger, and why. I did not answer the question or state a view about India’s relative market position. I shared https://t.co/2qfvyOpU7O.