Reduce leverage, shift to largecaps as Nifty tests 25,500; SBI, Varun Beverages preferred: CA Rudramurthy

Markets have broken key short-term supports as the Nifty struggles near 25,500, warns CA Rudramurthy of Vachana Investments. He advises investors to cut leverage, shift to low-beta largecaps and focus on capital protection amid sharp midcap and smallcap losses. He names SBI, Varun Beverages and Indus Towers as stocks showing relative strength.