From a 3% downtick in a single day to rallying 3% the next day, the Ukraine-Russia stand-off in eastern Europe resulted in wild swings on the bourses all through the week.
Our preferred sectors include domestic cyclicals such as Financials, Industrials and Infra, Building Material and Auto, while we would also be positively biased on consumption and select names on bottom-up basis.” Technically, the 50-share Nifty is expected to move within 16,750 and 17,620 zone, with support placed at 16,920.
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