The Indian market is expected to trade higher on Monday, driven by positive global cues. Nifty futures gained 0.84% on Friday, and India VIX fell by over 5%. Options data suggests a trading range between 23,600 to 24,600, with immediate support at 24,000. Experts recommend various stocks for short-term trading, including Alkem Laboratories, SBI, and ICICI Bank.
MSCI rebalancing on Monday: Adani Energy, Groww set for big inflows; RIL, Jio Financial may face outflows
MSCI’s latest rebalancing is set to drive heightened trading activity in several Indian stocks on Monday, with revised weights taking effect from September 1. The