Nifty Pharma and four sectors reach 52-week highs
after close1 source ↓written by the desknot a recommendation
- the Nifty50 falling
- 7%
- amid geopolitical turmoil
- 52-week highs
Despite the Nifty50 falling 7%, five sectors have reached 52-week highs amid geopolitical turmoil. The Iran war and rising crude prices have pressured Indian equities, yet Pharma, Energy, Defence, Capital Markets, and Metals show resilience. This suggests structural earnings visibility rather than just a defensive play.
Not investment advice. For informational purposes only.