Indian markets closed July weaker, with FII index futures hitting a five-year low, signaling potential market pain. Experts suggest a cautious outlook for August, citing lower rollover costs for Nifty and Bank Nifty. Bank Nifty faces bearish signals, potentially declining further. Despite PNB Housing Finance’s fall, bottom-fishing is risky. Delhivery and ITDCEM are top stock picks, showing bullish reversal signs.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets