Nifty is expected to be volatile, finding support near 24,700. A breakout above 25,150 could lead to 25,300-25,500, while a drop below 24,800 may take it to 24,600. Analysts suggest buying on dips, focusing on banking, auto, IT, pharma, and consumer stocks, anticipating market buoyancy due to positive cues.
Warning Signal? FIIs cut stake in 11 smallcap stocks in the last 3 quarters; prices crash up to 70%
Reliance Power’s shares declined as the Enforcement Directorate filed a chargesheet in a fake bank guarantee case, weighing on investor sentiment and drawing renewed attention