Share market outlook, Q2 Results, Vishnu Deo Sai to take oath as new Chhattisgarh CM, Mohan Yadav to be sworn in as new MP CM

“Following the current spectacular surge, the Nifty50 has undergone a consolidation section on Tuesday on account of anticipated elevated November inflation in India, pushed by rising meals costs, which can probably delay RBI coverage cuts. In distinction, the US inflation outlook stays secure, which might affect the upcoming US Fed coverage. The Nifty Mid and Small indices, with strong rallies of 42% and 49% on a YTD foundation, now carry a 25% premium to their long-term averages, signalling potential valuation issues. Although the home progress outlook stays sturdy, the chance of EL-Nino is predicted to maintain the market underneath stress,” mentioned Vinod Nair, Head of Analysis at Geojit Monetary Providers