Editor's View: Stock Market at Crucial Crossroads, Bank Nifty's Fate Rests on 60800

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Stock Market at Make or Break Level: Bank Nifty's Breath Hinges on 60800

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CNBC Awaaz•27-02-2026, 08:17

Stock Market at Make or Break Level: Bank Nifty's Breath Hinges on 60800

•Market at crucial juncture with 'Sell on Rally' strategy dominating; Bank Nifty defends 60,800.
•IT sector shows continued weakness; FIIs return to selling mode with INR 3,500 crore cash market selling.
•No expiry pressure today; auto sales figures on Monday are the next big trigger for market direction.
•AI trade concern: China and US seen benefiting more, leading to low FII buying confidence in India.
•Strategy: Avoid IT, focus on consumer durables, auto, PSU banks, metals; 'wait and watch' advised.

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