Black cards with Buy and Sell written on each. (Photo: Kelly Sikkema/Unsplash)
High inflation and synchronous tightening in global liquidity led by the U.S. is driving the market towards capitulation, a phase when investors give up hope of gains and sell in panic.That's according to Dhananjay Sinha, managing director and chief strategist at JM Financial Ltd. In the last six months, India's benchmark indices have slackened by about 15%, Sinha told BQ Prime's Niraj Shah in an interview."We are heading towards a g...