Says there has been a remarkable decentralisation of profits, with smaller companies witnessing a surge in profitability thanks to factors like the implementation of GST, expansion of highway networks
The nifty has a crucial support of the 50 DMA level of 22,300 and a decisive close below the 22,300 level the nifty can slide further to the 22,000 and 21,800 levels.
Trends in the GIFT Nifty indicate a gap-up start for the broader index in India, with a gain of 112 points or 0.5 percent. The Nifty futures were trading around the 22,693 level.
At noon, Nifty was seen struggling to hold 22,500 levels. A break of 22,350 on the downside can trigger a further fall of 300-400 points on the index, says an expert.