Foreign investors are reducing their negative bets on the market after the Budget. However, the market’s overall sentiment remains delicate. Technical indicators suggest IT stocks may enter a period of consolidation or decline. Analysts are closely watching for sustained reductions in short positions to confirm a positive trend. The market is navigating a news-heavy week with cautious optimism.
10 stocks crash up to 50% in just 100 days of US-Iran war. Do you own any?
The Indian stock market has witnessed a sharp correction since the Iran-US-Israel conflict escalated in late February, with the Nifty 50 falling over 7%. Several