In the next week, it is believed that Indian stocks consolidation phase is in the final stage, with resilience of large-cap stocks indicating a positive sign. Investors are guided to remain patient and adopt a accumulating strategy.

The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 23,303 level, a premium of nearly 40 points from the Nifty futures’ previous close.

The equity benchmarks experienced a sell-off, with Sensex and Nifty falling by nearly half a per cent on Friday. This decline came after a two-day rally, as market sentiment turned cautious, leading to a pullback in stock prices following a period of upward movement.