Indian benchmark indices saw a significant drop of over 1% on Friday due to weak global signals and regulatory challenges. Analyst Sahaj Agrawal from Kotak Securities discussed the market outlook, highlighting critical resistance levels for Nifty and Bank Nifty. He suggested focusing on specific sectors like Pharma, FMCG, and consumer durables for medium-term gains
Jefferies views IndiGo as unique and strong franchise, raises target price to Rs 5,260
The IndiGo stock has underperformed following a significant miss in the company’s 2Q results, driven by higher costs impacting profitability. However, Jefferies expects cost normalization