Market outlook: Banking resilience offsets IT drag; metals, NBFCs in focus, says Nischal Maheshwari

Indian markets open cautiously amid mixed earnings, with banking strength offsetting IT weakness. Market expert Nischal Maheshwari sees improving outlook for banks, near-term momentum in PSU and smaller lenders, continued but cautious optimism on metals, steady real estate demand, and growing opportunities in NBFCs and select infrastructure stocks despite valuation concerns.