Analysts say banking stocks, which were trading down, have to be supportive for the benchmarks to scale new highsSensex, Nifty slump amid weakness in banking stocks; broader indices outperform
Analysts say banking stocks, which were trading down, have to be supportive for the benchmarks to scale new highs
Broader markets continued to see selling as key indices fell over a percent.
Analysts expect Nifty to claim 22,700 in coming weeks as seasonal correction in an election year reaches an end.
The resilient domestic buying is providing the main support to the rally in the market, and the strong performance of the economy and improving corporate earnings are also a solid fundamental support to the markets, according to analysts.