Indian equity benchmarks closed with marginal gains on Thursday, June 25, as profit-taking accelerated amid growing investor anxiety over a below-par monsoon.
The weather-driven headwinds have cast a shadow over market sentiment, leading traders to trim positions in sectors sensitive to rural demand and agricultural output.
The cautious stance reflects a broader shift in risk appetite.
With the monsoon deficit becoming a tangible concern, market participants are prioritizing capital preservation over aggressive positioning.
This defensive posture has resulted in subdued trading volumes and limited upside momentum across major indices.
In response to the shifting dynamics, Ajit Mishra of Religare Broking has identified three stocks for short-term trading over the next one to two weeks.