Market participants remain cautious, with analysts warning that volatility could persist as geopolitical risks keep energy prices high and discourage overseas investment flows. Analysts believe the near-term trend remains fragile. A breach below the 23,300 mark could open the door for a decline towards 23,000. On the upside, the 23,600 level is expected to act as a significant hurdle.
Markets will also watch out for RBI’s policy commentary on Friday and GDP data.