The Nifty has been experiencing losses for six weeks due to US tariffs and muted earnings. Experts predict this weakness will continue in the short term. Selling pressure may persist until a breakout around 24,600-24,800. Support lies at 24,000. Investors should consider private banking, auto, and hotel stocks on dips. Reliance, L&T, and HDFC Bank are also favored.
Ahead of Market: 10 things that will decide stock market action on Monday
Indian equity benchmarks ended the week marginally lower amid sustained FII outflows and US-India trade uncertainty, though sentiment improved after a US Fed rate cut.