Indian benchmark indices hit fresh highs on Monday but failed to sustain gains, closing lower. The NSE Nifty ended down 0.3% and the BSE Sensex declined 0.4%, despite upbeat Asian markets. Profit-taking at higher levels and a decline in HDFC Bank contributed to the fall.
Buy selectively, focus on resilient sectors despite volatility: Manish Sonthalia
Indian markets face geopolitical and inflationary headwinds, with a prolonged economic adjustment expected until FY28. Domestic investors find opportunities in corrected valuations, focusing on resilient