After a couple of days of market breadth outperforming the broader indices, they are both under pressure today. And given that there is no negative news on the oil front, it is probably time to watch whether the indices are able to recover or not.
Standalone underperformance does not bode well for the Indian market as it increases the risk of volatility with a bearish bias in the short term. So, it perhaps makes sense to just wait and watch for a while.
