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Nifty today: Can reverse AI trade lift IT stocks despite weak expiry-day history? Anil Singhvi explains
Zee Business 5 hrs ago·28 Jul 2026, 3:06 am
Stocks Zee Business
Nifty futures are pointing to a flat opening today, with the market likely to remain cautious ahead of the expiry of monthly derivatives contracts. The IT sector, which has been under pressure recently, is seeing some buying interest, potentially supported by a global rally in artificial intelligence-related stocks. However, historically, expiry days often witness high volatility and profit-booking, which could limit the upside for the broader market.
For investors, this creates a mixed scenario. While the AI theme offers a potential trigger for IT stocks, the expiry-day history suggests caution. The market may struggle to sustain strong gains, and volatility could increase as traders square off positions. Investors should keep a close watch on the Nifty's reaction to key support and resistance levels throughout the session.
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