Indian markets closed lower on Friday, hit by weak global cues, renewed US trade tariffs, and sustained FII outflows. Sensex fell 586 points and Nifty 203. Global markets also dropped sharply. FMCG stocks offered some defense. Analysts warned of extended correction amid technical weakness and growing caution among investors.
Expect limited upside in near term, stick to stock-specific strategy; Vedanta, Motherson among top picks: CA Rudramurthy BV
Indian markets are struggling to maintain gains despite positive domestic news. Global factors and foreign selling are creating caution. Short-term traders are advised to reduce