The markets managed to stay above crucial support levels on Friday, coming off the high point of the day. Monday is a Mahurat session that generally stays quiet and positive but is more symbolic in nature. However, with strong and stable global markets, the domestic ones are likely to see trading with a positive bias. The FMCG sector is showing good performance, which opens up the possibility of stock-specific show from the group.
US Stocks: Nasdaq, S&P end lower as tech megacap declines outweigh upbeat chip outlook
Indian markets saw a mixed close on Thursday. While the Nasdaq and S&P dipped due to Big Tech’s AI spending concerns, the Dow edged higher.