The Indian stock market experienced a slight dip in the previous session due to concerns over geopolitical tensions and rising oil prices. Analysts suggest that the market is rebalancing ahead of the upcoming results season.
Key indices, Sensex and Nifty, closed lower, with midcap and smallcap indices hitting fresh highs. The Nifty faces resistance at 21,800, while Bank Nifty needs to breach 48,300 for positive momentum.
Adani Group stocks await a Supreme Court judgment. Intraday stock recommendations include Cipla and Oracle Financial Services. Global cues indicate geopolitical risks impacting oil prices, affecting the Indian economy.