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Going by expectations of high volatility, analysts suggest investors to use any rise as an opportunity to go short and refrain from turning aggressive with their bets.
Barring Nifty FMCG index, all other sectors traded in positive territory
Stock-specific action is expected as India Inc begins sharing its report card for Q4 as well as FY 24. TCS will be first off the block, with numbers expected after market hours today
For the Nifty, support is at 22,400. On the higher side, 22,600 can be the immediate resistance, say analysts
The market is concerned about a potential delay in the rate cut and it may remain range-bound in the near term, analysts say