Key Highlights
- Early optimism was fuelled by a sharp rally in IT stocks, led by Infosys after it upgraded its full-year revenue outlook, lifting the broader IT index.
- Financial and realty stocks also supported the gains, while pharma and energy counters lagged.
- In the broader market, midcap and smallcap indices finished flat to marginally lower, largely in line with the prevailing trend.
- Mehul Kothari, Deputy Vice President of Technical Research at Anand Rathi, believes that it was a truncated trading week for Indian stock market marked by volatility, with the Nifty largely consolidating in a narrow range.
- Mehul Kothari of Anand Rathi stated that the overall market sentiment remained range-bound amid cautious global cues and the ongoing Q3 earnings season, with investors adopting a selective, stock-specific approach rather than aggressive positioning.
