Nifty outlook hinges on HDFC Bank and IT stocks
The Nifty 50 closed at 23,389, down 2.1% for the week, marking its fifth consecutive weekly loss. Private banks gained 0.5%, while realty stocks struggled, indicating mixed sector performance ahead of expiry.
after close1 source ↓written by the desknot a recommendation
The Nifty 50 extended its losing streak to five weeks, closing 0.3% lower at 23,389, down 2.1% for the week. Selling pressure was evident, though value buying limited losses. Private banks showed resilience, gaining 0.5%, while realty stocks faced declines. Traders should monitor HDFC Bank and IT stocks for potential impact on index movement.
Not investment advice. For informational purposes only.