business π Nifty outlook for August 10: Choppy ride expected
The Nifty 50 ended lower after a choppy fourth consecutive session on Dalal Street, failing to hold early gains. The index closed at 24,570, down 0.3%, due to weak global cues and profit booking. Analysts suggest a positive bias for Indian equities next week, supported by domestic fundamentals and IPO activity. Key data like India's CPI and US PPI readings will provide further cues for investors. While some see a weak bias, the index is holding above crucial support zones for now.