With the Nifty on Tuesday managing to close above 17,000 for the second day after declining below it earlier in the session, market participants are betting that the market may not fall further in the near term unless the index closes below this level.
Nifty Pharma, 4 others hit 52-week high since Iran war while Nifty fell 7%. Will the form continue?
Despite a challenging market backdrop fueled by geopolitical tensions and foreign fund outflows, five Indian sectors—Pharma, Energy, Defence, Capital Markets, and Metals—are showing remarkable strength.