Nifty Struggles, IT Stocks Drag; Experts Predict Range-Bound Week for Dalal Street

• Nifty50 closed down 35 points at 26,142, consolidating below 26,200 amid holiday-thinned volumes.
• IT stocks like Wipro, Infosys, and HCL Technologies were key drags for the second day due to US H1B visa changes.
• The Indian rupee depreciated 13 paise against the USD, driven by risk aversion and foreign investor withdrawals.
• Experts anticipate a range-bound week for Indian equities due to limited triggers and global holiday closures.
• Bank Nifty remains below its upward trendline, needing a strong close above it for a clear directional move.

Why It Matters: Indian equities face a range-bound week with limited triggers and holiday-thinned trading.