Contradicting predictions of an abysmal market-crash post Brexit, Nifty has bounced back with an unprecedented buyer behavior.All speculations were dismal following Brexit, and Nifty was expected to fall like never before. Surprisingly, what followed was a paradoxical upturn of market and now investors want to know if the recovery is sustainable or not.
What will be the position of Nifty? Would the upward trend continue or suddenly plummet?
According to Udayan Mukherjee, Consultng Editor, CNBC TV-18, the Global equity markets’ spot reaction to the Brexit phenomenon was eye-popping. Stocks ignored the likely medium term effects and focused on liquidity alone.
Speculating on after -effects of Brexit on Nifty, Mukherjee in an interview with CNBC TV18, expressed his analysis on how market pulls are likely to pan out.
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