Reported about 22 hours ago
India's equity benchmark is nearing oversold levels as rising oil prices and a weak rupee have driven the NSE Nifty 50 index to a seven-month low. The 14-day relative strength index indicates a potential rebound when crossing the 30 threshold, although there have been instances of the index remaining below this level for extended periods. Additionally, the small-cap index has reached its most oversold status since June 2022.
Source: YAHOO