On Friday, markets remained lacklustre with Nifty closing at 24,366 as investors reacted to the RBI’s revised macroeconomic projections and rising external risks. Indian equity markets are expected to remain range-bound this week week amid a mix of domestic and global cues. While the Reserve Bank of India's measures to attract foreign capital and the government's tax relief for foreign investors in government securities may support sentiment, analysts expect market performance likely to be driven by bottom-up stock and sector-specific action in the near term.
STATE OF THE MARKETS
