Indian benchmark indices closed relatively flat on Monday, impacted by several factors including persistent selling by foreign institutional investors (FII), underwhelming quarterly earnings reports, and weak performance in Asian markets. Analysts suggest investors avoid buying Hindalco, ONGC, and Asian Paints at current prices due to various technical indicators and market trends.
Power, defence and railway PSUs expected to thrive: Ajay Bagga
Government and household spending are currently fueling infrastructure growth, while private capital expenditure remains sluggish due to low capacity utilization and policy uncertainty. Infrastructure providers
June 2, 2025