Markets traded in a volatile yet narrow range on the monthly expiry day and settled marginally lower, extending the ongoing consolidation phase. Technically, analysts continue to maintain our consolidation view on the Nifty until it decisively breaks out of the broader 20-day and 100-day EMA range of 23,800–24,200. On the sectoral front, most key sectors -- barring IT -- continue to contribute on a rotational basis, while the broader indices are maintaining their positive bias.
In today's trade, shares of Kotak Mahindra Bank, Tata Motors, HDFC Bank, IndiGo, Coal India among others will be in focus due to various news developments.
