New Delhi, April 23 -- Analysts at ICICI Direct recommended that investors should navigate the volatility, noting that the Nifty 50 is poised for an upward movement towards 25,500. The domestic brokerage firm indicated that its statistical model implies that much of the negative news is already factored in, and has formed a base around the range of 21,900-23,800, which could ultimately pave the way for the Nifty 50 to move toward 25,500 in the upcoming two quarters.

Further, the brokerage pointed out that the emphasis should be on domestic themes rather than international ones, where it anticipates financials will maintain their leading position, bolstered by PSU, Metal, Telecom, Pharma, and Consumption sectors, while IT, Capital Goods, ...