India on track to become stock-pickers’ market in June, brokerages say

The May series marked ​a shift in “market ‌character”, representing a transition from a short covering-led recovery to fresh positioning near higher levels   India is likely to become a stock-pickers market in June ​as local money moves selectively into certain sectors ‌while bearish bets by overseas investors limit broader ​gains, two brokerages said. The…

Stock market today: Nifty 50 breaks above 24,400 resistance; next stop 25,000?

Nifty 50 index hovers above the crucial resistance zone of 24,300 – 24,400, which remains a key hurdle for further upside. Analysts believe a sustained breakout above this range will be essential to strengthen bullish momentum and extend the rally towards the 24,800 – 25,000 levels. The Indian stock market traded with strong gains on…