The Indian market failed to hold the momentum and closed in the red on Wednesday tracking weak global cues.The BSE Sensex fell nearly 400 points while the Nifty50 closed below 22400 levels.
Nifty Pharma, 4 others hit 52-week high since Iran war while Nifty fell 7%. Will the form continue?
Despite a challenging market backdrop fueled by geopolitical tensions and foreign fund outflows, five Indian sectors—Pharma, Energy, Defence, Capital Markets, and Metals—are showing remarkable strength.