Sectorally, selling was seen in banks, IT, finance, realty, and auto stocks while buying was visible in oil & gas as well as metal stocks. Crucial support for the index is placed at 17000 and further towards 16800 levels, said analysts.
Largecaps look better as smallcaps price in strong growth: Franklin Templeton’s Arihant Jain
Largecap stocks offer a better risk-reward balance than mid- and small-caps as higher growth expectations are already priced into smaller companies, according to Arihant Jain