Transitioning from Risk-On to Risk-Off
In the theatre of market dynamics, the curtain rose on this earnings season with promising performances from IT heavyweights, propelling the NSE benchmark Nifty 50 index above the commendable 22,100 mark. The market participants were revelling with high-fives and celebration until an unexpected twist unfolded, transforming the jubilant street into a deserted stage of apprehension and pessimism. The culprit behind this abrupt shift in sentiment turned out to be none other than the erstwhile investor darling, HDFC Bank.