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.
MSCI rebalancing on Monday: Adani Energy, Groww set for big inflows; RIL, Jio Financial may face outflows
MSCI’s latest rebalancing is set to drive heightened trading activity in several Indian stocks on Monday, with revised weights taking effect from September 1. The