Anand James of Geojit Investments sees potential for Nifty to hit 25,000, though warns that a drop below 24,280 may signal weakness. He expects defence stocks to sustain gains post-pullback and suggests buying Sonata Software, Sumitomo Chemicals, and Medanta on dips. Smallcaps remain under pressure, but a minor correction could reignite buying interest.
Dow, S&P 500 slip as oil hovers near $100 despite Nasdaq’s record close
The Dow and S&P 500 declined sharply as oil prices rallied near the $100 mark, causing apprehension among investors. However, the Nasdaq soared to a