The mood is jittery ahead of the September series derivative expiry on Thursday and the Reserve Bank of India’s policy meeting on Friday when the central bank is expected to raise rates. But, analysts do not rule out a technical rebound around 17,000-17,150.
Nifty Pharma, 4 others hit 52-week high since Iran war while Nifty fell 7%. Will the form continue?
Despite a challenging market backdrop fueled by geopolitical tensions and foreign fund outflows, five Indian sectors—Pharma, Energy, Defence, Capital Markets, and Metals—are showing remarkable strength.