Nifty's Seven-Week Decline May Lead to Relief Rally

The Nifty 50 index has declined for seven consecutive weeks, a rare streak that historically has often been followed by a relief rally. Data from Samco Securities shows that in three of four previous seven-week losing streaks, the index rebounded over the next six weeks. However, the current 5.82% drop is less severe than past declines, making a durable market reversal uncertain. Analysts say a sustained recovery with higher highs and lows will be key.

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