Nifty experienced a sharp decline on Friday, with broad-based selling impacting auto, financials, and FMCG stocks. The index has fallen below key short-term moving averages and the 200-day DMA, signaling continued weakness. Technical analysts suggest immediate support at 25,000 and resistance at 25,370.
MSCI rebalancing on Monday: Adani Energy, Groww set for big inflows; RIL, Jio Financial may face outflows
MSCI’s latest rebalancing is set to drive heightened trading activity in several Indian stocks on Monday, with revised weights taking effect from September 1. The