Nifty is poised for an upward movement towards the 25,300-25,500 range, fueled by the RBI’s rate cut. Experts suggest a ‘buy on dips’ strategy, anticipating gains in rate-sensitive sectors like private banks, real estate, and automobiles. Technical analysis indicates a potential breakout, with key support levels identified at 24,800 and 24,500.
FPI outflows at Rs 1 lakh crore in 2025 so far; Rs 555 crore pulled out in July alone
Foreign Portfolio Investors have exhibited a selling trend in Indian equities, with outflows of Rs 555 crore in July, marking a reversal after three months