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Nifty ended sharply lower as broad-based selling pushed the index below key technical levels, with volatility rising. Rupak De of LKP Securities warned of near-term weakness toward 25,000 unless resistance is reclaimed. Technical analysts suggested buying Kirloskar Oil Engines and Bajaj Finance on breakout patterns.
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Growws BSE Hospitals ETF targets Indias hospital segment, driven by domestic healthcare demand, insurance penetration and capacity expansion. CEO Varun Gupta says hospitals offer a pure-play, long-term structural growth opportunity, while balanced asset allocation across equities and precious metals remains essential.
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Technical strategist Rupak De of LKP Securities warns that a break below the 20-day moving average has weakened Niftys near-term structure. Rising volatility and breached supports suggest downside risk toward 25,000 unless resistance levels are reclaimed, while selective opportunities remain in defence and banking stocks.
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