Amid Middle East tensions, Nifty is struggling around 25,000. Rupak De suggests a ‘buy on dips’ strategy above 24,850. NSE option traders will adjust strategies with expiry day changes. BSE options may capture post-policy moves better. A catch-up rally is expected in mid and smallcaps.
Market Wrap: Sensex falls 142 points, Nifty holds 23,900; HDFC Bank shares tumble 3%
Indian stock market closed in the red, with benchmark indices Sensex and Nifty falling up to 0.2% as Iran-US tensions simmered and rupee declined. Broader