Midcap and smallcap segments witnessed selective accumulation even as frontline indices remained under pressure. Investors showed interest in fundamentally strong counters after the recent correction in the broader market.
Market watchers noted that stock-specific action is dominating the broader space, with quality names seeing renewed buying interest. However, volatility remains elevated in several overheated pockets.
Experts advise maintaining a selective approach in the broader market while keeping an eye on earnings visibility and balance sheet strength.
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