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India remains an attractive investment destination, in particular, due to rising geopolitical tensions, says Rajesh Bhatia of ITI Mutual Fund
Tata Motors extended upward move for fifth consecutive session, and strong rally in the last three sessions with healthy volumes, while the stock continued higher highs, higher lows formation for four days in a row.
The market trend may continue to be volatile on Thursday, especially as the interim budget will be delivered.
On Budget day, the Nifty 50 is likely to trade in the range of 21,500 on the lower side, and 21,900 on the higher side.
A cautious approach towards the banking and NBFC sectors seems prudent in the near term, says Karthick Jonagadla.