On the sectoral front, capital metal, oil & gas, realty goods, and telecom are among are on its worst performers.
The global market situation is tense on escalating tensions in the Middle East. Focus a few next days will be on the macro developments but soon as earnings start, the focus should shift to corporate earnings.
The Nifty 50 index has good support at 11,850 levels and one can expect a bounce from there. On the higher side, 12,200 will act as resistance which is the last month close and recent high after the correction.
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