Markets traded on a subdued note on the weekly expiry day, with benchmark indices ending marginally lower as participants booked profits after the recent four-session rally. Technically, analysts say the Nifty may witness a phase of consolidation following its recent rebound, which would be healthy as long as it holds the 24,000–24,200 support zone. On the upside, the 24,600 level is expected to act as the immediate hurdle, and a decisive breakout above this mark could pave the way for a gradual recovery towards the 25,000 level.
In today's trade, shares of Adani Enterprises, Cochin Shipyard, IDFC First Bank, Premier Energies, Glenmark Pharma among others will be in focus due to various news developments.
