On Monday, equity markets remained under pressure, with the Nifty declining 0.4%, while broader markets outperformed as the Nifty Midcap100 and Nifty Smallcap100 gained. Analysts say Indian equities are expected to trade sideways to mixed amid escalating geopolitical tensions in West Asia, Brent crude oil prices remaining above $88 per barrel, continued weakness in the rupee (Rs 96/$), persistent Foreign Institutional Investor selling and weak global cues. With the Q1 earnings season gathering pace, stock-specific action is likely to dominate.
STATE OF THE MARKETS
