Primus In News
Nifty falls 1.7% in 4 days: Does the bear run have more legs? Trump's 500% tariff Bill a big negative for bulls
08-01-2026
Shravan Shetty, Managing Director, Primus Partners, shared his view that markets remain technically weak and need a strong external trigger, such as positive data or an optimistic government narrative, especially from the Finance Minister, to reverse the trend. He added that higher US tariffs on India and continued FII selling are weighing on sentiment and could push markets lower. He said the Nifty is near its resistance at 25,900 and may face selling pressure due to a bearish put-call ratio, adding that a breach of this level could lead to further downside as positions unwind.
Explore Related Insights
- Can the Foxconn-HCL wafer-level packaging project put India on the global semiconductor map?
- USISPF President Mukesh Aghi On Future Of Indo-American Partnership
- Canara HSBC Life shares jump 6% after flat listing: Here's what analysts say
- Carmakers gearing up to hit refresh button as facelifts take priority
