Indian benchmark indices witnessed profit booking during the second half of the session amid escalating geopolitical tensions, prompting investors to reduce overnight risk exposure. Volatility remained elevated throughout the day, with sharp intraday swings driven by the weekly Sensex expiry. Analysts say Nifty continues to consolidate in the broad range of 23,000-23,550 and they expect the current consolidation to extend until a directional breakout emerges.
STATE OF THE MARKETS
