The Indian market is expected to trade higher on Friday, but may face selling pressure at elevated levels due to mixed global cues. Nifty futures closed lower on Thursday, and India VIX rose by nearly 4%. Options data suggests a broader trading range between 23,500 and 24,500, with immediate levels between 23,700 and 24,200.
West Asia tensions rattle capital goods stocks; L&T, KEC slide
Engineering and capital goods stocks are under pressure due to the Iran-Israel conflict, with the BSE Capital Goods index falling nearly 4%. Companies like Larsen