Technical analysts suggest the Nifty is entering a consolidation phase rather than a reversal, with key support zones expected to hold. Analysts anticipate a trading band between 23,400 and 24,500, with a breakout needed to revive directional strength. The underlying structure remains constructive for a gradual upward move.
Upbeat earnings bolster case for India stocks as Asia wavers
Indian equities are outperforming Asian peers, supported by stronger-than-expected corporate earnings, improving valuations and renewed foreign investor inflows. September-quarter profits rose 20% among major companies,