Nifty May rollovers rose to 70.02%, surpassing recent averages and signalling cautious optimism, even as Bank Nifty and broader market rollovers declined, Axis Securities noted. Sectoral divergence was evident, with capital goods rollovers up 27.8% and autos down 40.6%. Mixed sentiment and high rollover costs suggest a likely range-bound market near-term, with Nifty seen between 24,200–25,100.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets