Short-term market weakness likely; defensive sectors poised to outperform: Rohit Srivastava

Rohit Srivastava suggests the recent market rally from early April might be ending, entering a corrective phase influenced by geopolitics and the upcoming FOMC meeting. While domestic liquidity is positive, Nifty's struggle to surpass 24,980, especially closing below 24,840, could lead to a fall towards 24,200.