The 50 component index Nifty50, ended the week by closing near its upward-moving channel. The index closed at 23,465, after making a new all-time high on Friday. On the other hand, Bank Nifty is still somewhere in the middle of its upward channel, giving a close at 50,002.
Defence, Power themes attract interest, but challenges persist: Anand Tandon
Equity markets have seen a rapid recovery, surprising many investors. Despite this rebound, concerns about high valuations and unresolved geopolitical tensions persist. Experts advise caution