Rajesh Palviya of Axis Securities sees Nifty and Bank Nifty under pressure, with key levels likely to dictate moves. He expects IT stocks to remain weak and advises selective trades in Ashok Leyland and Biocon.
US stocks ended slightly lower as weakness in technology and semiconductor shares weighed on sentiment, even as Meta rose after reports of an AI-driven cloud
Federal Reserve Chairman Kevin Warsh declared unwavering commitment to the 2% inflation target, signaling no monetary policy easing despite President Trump’s calls for rate cuts.
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