Indian equity markets witnessed a choppy trading session as investors remained cautious ahead of the upcoming monetary policy announcement. Benchmark indices fluctuated within a narrow range, reflecting uncertainty among market participants despite signs of resilience at lower levels.
Sharing his outlook on the market, market expert Ajit Nayak from HDFC Securities said the Nifty is currently trading near a crucial resistance zone around the 23,450 mark. He noted that after witnessing a gap-down opening and a sharp decline in the previous session, the index managed to reclaim the 23,100 level and has since been attempting to move higher.
