Nifty’s recent correction was broadly anticipated. While the fall itself wasn’t a surprise, the geopolitical trigger adds a layer of concern. Technically, the index has formed a bearish engulfing pattern on weekly chart, suggesting more downside unless it reclaims 24,500.
Infosys, TCS or a Coforge, Persistent Systems? Why picking IT stocks is more art than science, explains Share.Market expert
Indian markets face uncertainty amid global economic shifts and geopolitical tensions, despite Nifty’s recent gains above 25,000. IT stocks show mixed signals, with caution advised