Indian equities are set for a weak start on Monday after global markets ended the week sharply lower. Rising crude oil prices following escalating Middle East tensions and a selloff in US stocks have dampened sentiment. Analysts warn markets may remain volatile as investors track oil prices, foreign flows and geopolitical developments.
Nifty slide may extend to 23,535 but mean-reversion bounce possible, says Anand James
Nifty’s breach below its 200-day moving average intensifies correction fears, with geopolitical tensions and weak global cues weighing on sentiment. Geojit Investments’ Anand James outlines