Profit booking emerged on Tuesday after the Nifty had rallied over 4%, over the previous seven sessions, supported by lower crude oil prices and moderation in foreign outflows following measures aimed at supporting the rupee. Analysts say Indian equities are expected to trade sideways with a marginal negative bias in the near term amid weak global cues, continued Foreign Institutional Investor outflows, and uncertainty surrounding the proposed US-Iran ceasefire.
STATE OF THE MARKETS
