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The Economic Times
The Economic Times
Akash Podishetti

Pre-market action: Here's the trade setup for today's session

Markets started the week on a positive note, with the Nifty closing up 0.6% at 22,556 after four consecutive declining sessions. Analysts say Indian equities are likely to see some relief after an eight-week losing run that cost the Nifty 8.8%, the longest such streak in since 2020. The correction has left valuations at comfortable levels, with Q2 business updates triggering stock-specific buying, banks and financials making a solid start to the reporting season, while monthly auto sales data has added to the improving tone.

STATE OF THE MARKETS

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