Benchmark indices witnessed heightened volatility on Wednesday amid the ongoing Q1 earnings season. After touching an intraday high of 24,220, the market witnessed profit booking during the latter half of the session. A weaker rupee and firm crude oil prices kept investor sentiment cautious, limiting the upside. Analysts expect the index to extend the recent consolidation and trade in the range of 23,800-24,350. Within the consolidation last Friday's gap area and Monday's low of 24,000-23,950 will act as immediate support.
STATE OF THE MARKETS
