Analysts see consolidation before breakout above 25,450
Indian equity markets ended higher on Thursday, with the Nifty index scaling above 25,400. However, the GIFT Nifty indicates a negative start for the benchmarks on Friday, tracking mixed global cues. Analysts believe that Nifty may consolidate before a decisive breakout, with the 25,400 to 25,450 range key for near-term direction.