Market not showing downward trend; likely to remain range-bound: Kunj Bansal
The market is currently in a range-bound movement, with indices at levels seen about 18-20 months ago. This reflects a broader range that the market has been moving in, as well as the fact that we had gone ahead of justifiable levels in terms of valuation. Last week, PSEs, the heavyweights from the banking space, felt pressure but that may not be indicative of any trend.
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