Market sentiment is currently weak, with a key level to watch at 24,250, as a break below could trigger panic selling. Certain sectors like textiles and gems & jewellery will be significantly affected by tariffs. While PSU banks are expected to perform well due to anticipated credit growth, caution is advised for NBFCs in the retail loan segment.
F&O Talk: Nifty charts suggest further consolidation; Sudeep Shah’s strategy on Cohance, HEG and 4 more stocks
Indian markets corrected amid volatility, with Nifty entering a consolidation phase after a sharp April rally. Technical indicators suggest a range-bound trend with key support