India real estate: Several high net-worth individuals bought and sold luxury homes in 2023, ranging from as low as Rs 20 crore to over Rs 1,200 crore in three major real estate markets of Mumbai, Delhi-NCR and Bengaluru.
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The index has managed to recoup losses and closed flat, suggesting that bulls are not ready to give up. However, for the bulls to take control, a close above the crucial 48,000 mark is required
"The Bank Nifty index encountered resistance around the 48,000 level, resulting in an inability to sustain at those higher levels, leading to some selling pressure. The immediate support for the index is positioned at 47,800,” Kunal Shah, Senior Technical & Derivative analyst at LKP Securities, said.