Increased selling pressure raises concerns about the sustainability of the current bullish momentum
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Heat wave continues to sweep several parts of India with the temperature soaring several notches above the season's average. The Meteorological Department (IMD) has predicted the searing heat conditions will continue for the next few days.
According to a MET official:
"Heat wave will continue despite a drop in temperature at many places over Vidarbha, few places over Jammu and Kashmir, Himachal Pradesh, and isolated places in Gujarat."Delhi continued to face a heat wave at around 41.6 degrees Celsius on Saturday, even as various factors led to a dip in maximum temperatures from two to five degrees in different states.
Increased selling pressure raises concerns about the sustainability of the current bullish momentum
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