Rising Inflation, Super El Niño, Geopolitical Risks to Weigh on Markets; NIFTY Target at 27589
NIFTY has declined 8.2% over the past six weeks, with near-term weakness likely before market consolidation; a V-shaped recovery appears unlikely A 13% monsoon deficit, the likelihood of a very strong El Niño and rising commodity prices pose risks to inflation, rural demand and corporate earnings PL Capital expects 16.2% sales growth and 14.7% EBITDA…
