Indian benchmark indices faced profit booking, with Nifty declining by 1.22% and Sensex shedding 925 points. FMCG outperformed, while Defence and IT sectors declined. Analyst Sudeep Shah suggests a cautious, stock-specific approach amid global tariff uncertainty and Q1 earnings. Nifty’s fall below key levels signals weakness, while Bank Nifty remains range-bound. Tourism, CPSE, and PSE sectors show relative strength.
Goldman Sachs’ India bets: 8 stocks rally up to 85% in CY26; one new addition
Goldman Sachs’ India equity portfolio fell 6% in CY26 amid mixed stock performance. While 18 stocks declined sharply, eight delivered strong gains, led by GNG