Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic markets have started this week’s trade in the negative territory, falling on the first day of trade.
The grey market premium for the issue slumped to around Rs 50 per share on Monday, down from its highs of over Rs 100 apiece earlier.
Ahead of the bunch of central bank meets this week and the approaching calendar year-end, FPIs seem to be taking profits and reducing their positions.
Considering the above data and the chart structure which indicates that the recent up move was corrective in nature rather than an impulse, we expect some time-wise or price-wise correction for the next couple of days.