Markets ended higher despite volatility, with Nifty consolidating in a narrow range. FII positioning shows gradual short covering but remains cautious. IT stocks stay under pressure, while banking and PSU sectors show strength. Analysts expect sideways movement with stock-specific action and highlight key technical levels for the coming week.
Newgen Software shares surge 15% as broad-based IT stocks rally
Newgen Software shares experienced a significant surge, mirroring a broader IT sector advance. The company announced key leadership changes, appointing Tarun Nandwani as CEO. Investors