Indian stock market witnessed Nifty rebounding from 24,400, yet facing resistance near 25,000. Analysts suggest stock-specific strategies due to expected volatility. A breakout above 25,000 could propel Nifty towards 25,500, while support lies at 24,400. Metal and consumption stocks show promise, IT and financial stocks are currently under selling pressure.
Metal stocks slide up to 7% as dollar hits 4-month high; NALCO, Hindustan Copper lead fall
Metal stocks, including NALCO and Hindustan Copper fell sharply on Friday as a surging US Dollar Index and ongoing Iran–Israel/US conflict dented demand. Analysts advise