Indian equities ended the expiry-day session on a weak note, with the Nifty breaking below the 26,200 mark, reflecting cautious sentiment and profit booking. The broader markets underperformed, as midcap and smallcap stocks saw relatively sharper declines compared to frontline indices.
During the Closing Bell discussion, Lovisha Darad spoke with Osho Krishan, Senior Analyst тАУ Technical & Derivative Research at Angel One, and Radha Raman, Managing Director & CEO of Swyom Advisors.
Key takeaways from the discussion:
- Expiry-related volatility weighed on index movement, with traders cutting positions.
- Technical indicators suggest near-term pressure, as Nifty slipped below key support levels.
- Broader market weakness indicates selective risk-off sentiment among investors.
- Experts advised caution in fresh longs and recommended a stock-specific approach until clearer directional cues emerge.
Market participants are now expected to track global cues, FII activity, and sector rotation for the next directional move in indices.
