Religare Broking's Ajit Mishra said that the sharp decline has pushed Nifty closer to our initial downside target and support of 23,800. A break below this could extend the correction towards 23,600.
Amol Athawale of Kotak Securities flagged 'Ascending Triangle' and 'Symmetrical Triangle' breakouts on Meesho and PolicyBazaar weekly charts.
Choice Broking's Sachin Gupta has recommended three stocks, Prestige Estates, PB Fintech and Carborundum Universal, based on their positive technical setups.
Ajit Mishra of Religare Broking said that 24,000-24,200 zone has emerged as the next major support for Nifty. He also said that Indian Bank, PB Fintech and Shriram Finance are showing a bullish setup.
India, Wood wrote, continues to benefit from improving domestic fundamentals, with bank credit growth accelerating to 17-18 per cent year-on-year in 2026.
PB Fintech reported 92.4 per cent year-on-year rise in consolidated net profit for the quarter ended June.
PF Fintech down on block deal buzz: According to reports, Macritchie Investments which held close to a 6.5 per cent stake was planning to offload part of its stake in Friday's trade.
While hyperscaler cloud providers face margin pressures, Wood views memory producers as the most leveraged way to play the relentless AI investment cycle.
These investors bought a total of 38 lakh equity shares, representing a 0.82 per cent stake in PB Fintech, at an average price of ₹1,751 apiece
PB Fintech co-founders Yashish Dahiya and Alok Bansal are set to sell shares worth up to Rs 654 crore through a block deal
Larger platforms like PB Fintech and One97 Communications (Paytm) have closely tracked or slightly underperformed the Nifty 50, displaying far better resilience than sub-scale players
PB Fintech shares fell over 5% despite strong Q4FY26 results with robust premium growth and margin expansion. Analysts remain positive on Policybazaar and Paisabazaar's long-term growth potential.