Defence stocks are rallying sharply with strong technical breakouts, though select heavyweights signal near-term overbought conditions. Analysts advise avoiding chasing the surge and instead adopting a buy-on-dips strategy. Broader market momentum remains positive, with selective opportunities in smallcaps and identified stocks showing potential upside.
New closing auction triggers confusion, sparks late Nifty swings
Market participants faced confusion during the new auction system’s debut. Indices and stock values diverged significantly, catching traders by surprise. The new system determines closing