F&O Talk| Nifty’s next hurdle at 23,800-23,850, breakout needed for further upside: Sudeep Shah of SBI Securities

Indian benchmark indices closed lower on Friday, weighed down by interest-rate sensitive financial stocks, after the Reserve Bank of India (RBI) cut interest rates for the first time in nearly five years, as widely anticipated, in an effort to stimulate economic growth.

Nifty formed a red candle…