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Indian equity markets are likely to remain range-bound in the near term as investors await clearer signals on earnings recovery, the rupees trajectory and progress on the IndiaUS trade deal, says Ashi Anand. He believes clarity on these factors could set the stage for the next phase of the bull run.
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News and Media
Infosys ADRs surged as much as 40% on the NYSE before trading was halted twice, despite the company denying any material trigger. A Canada-based report attributed the spike to a bizarre ticker-mapping glitch that may have confused automated trading systems amid thin year-end liquidity.
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Nifty logged its third consecutive weekly loss within a tight 321-point range, reflecting market indecision. Analyst Sudeep Shah sees key support at 25,77025,700 and resistance at 26,05026,100, with Nifty poised to target 27,000 in 2026. Bank Nifty and sectors like IT, Auto, and Metals show strength amid ongoing volatility.
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