The Indian market may stabilize on Thursday owing to mixed global cues. The Sensex index dropped more than 200 points and Nifty50 dropped below 18,300 on Wednesday due to rising volatility. The immediate trading range could be between zones of 18,150 to 18,400. A higher upper shadow with a long pin bar formation was observed, indicating pressure in higher zones. Engineers India, NBCC and KPIT Technologies are a few stocks that can be bought for short-term trading.
Nifty to consolidate between 25,850–26,300 in coming weeks: Rajesh Bhosale
Indian markets opened muted, with Nifty hovering near 26,000 as momentum cooled post-record highs. Broader markets face strain, prompting caution. Analysts suggest Nifty will consolidate