Indian markets experienced a sharp downturn this week, with the Nifty closing significantly lower and testing a crucial 100-week moving average support. Rising volatility and weakening market breadth signal caution for investors. While some sectors like Infrastructure and Pharma show relative strength, others are under pressure, suggesting a defensive approach is advised.
Hindustan Zinc, Vedanta, Nalco and other metal stocks slide up to 5%. Here’s why
Metal stocks tumbled up to 5% on Monday, with the Nifty Metal index falling over 2% amid a decline in metal prices and rising expectations