And as we have been discussing that the breadth of the market is quite strong, broader markets have been very supportive in yesterday’s session also. Even if Nifty and Bank Nifty were muted, but we witnessed a sharp bounce in the Small Cap Index and Small Cap Index has crossed all the resistances and headed for the new all-time highs, so that is a good sign
Largecaps showing no fundamental change despite market bounce: Nischal Maheshwari
Investors are closely watching sectors like banking, manufacturing, auto distribution, and aviation after a recent rate cut. Analysts see temporary margin pressure for banks and