Ashok Leyland, REC: 5 Nifty 500 stocks that can slip 10% from here on

AIA Engineering and Ashok Leyland look weak on the chartk, while shares of IDFC Bank and REC look ripe for an interim correction, indicate charts.

Markets, stocks, buy, sell, trading, shares, stock market
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Rex Cano Mumbai

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The equity markets have shown tremendous resilience in the recent trading days riding on the India growth story even as the global markets remain jittery.

The Nifty 50 has gained 1.9 per cent or 357 points in the last four trading sessions as of Wednesday, while broader Nifty 500 index has rallied 2.1 per cent in the same period. 

Despite the current bouyancy, factors such as spurt in Crude Oil prices, weakening Rupee, FII selling and the possibility of a longer-than-expected regime for high interest rates given the sticky inflation remain a worry for the markets.

First Published: Sep 07 2023 | 11:53 AM IST

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