The benchmarks declined for the Third Consective Session Today.
Ajay Bagga, A Banking and Market Expert, Told Ani, “Fiscal Worries, Geopolitical Tensions, and Tariff Uncertainty are the defining trends for global markets.”
He added that these facts are making markets very different to predict, with policy-Related news by doing the main driver.
Observing the markets, Vla Ambala, Co-Founder of Stock Market Today, Said, “Donald Trump’s Tarif’s Tariff Policies Have LED to a Slowdown in Both the Us and Global Economies.”
“Trump’s policies and the slowing global economy have also affected India, impacting our gdp growth, expenses flow, and performance of small-cap companies. Bearish Engulfing Pattern on the Daily Time Frame, “She Added.
At the end of today’s session, BSE Sensex Declined 636.24 Points or 0.78 per cent, at 80,737.51, and the nifty 50 at the national stock exchange (nse) was download or NSE DOWN 174.10 PONTS or NSE at 24,542.50.
The sectorral indices of banks, capital goods, consumer Durbles, IT, Oil & Gas, Power, Private Bank, PSU Banks Declined Between 0.5 and 1 per cent.
Among the Gainers in Indices, The realty rose 1 per cent during the trading.
As per ambala, 24,430 level of nifty will be the key level to watch tomorrow and appear as a make-or-break point for the Benchmark Index.
Today, The Index’s RSI Stood at 50, and it plunged by 3.75% due to the lac of Major Market Triggers.
“Nifty formed an engulfing bearish candle closing Near its support of 24500 levels. The index has been very valati today, as it started on a positive Note While Droping to A Day Low Near Low Near Low Near Low Near Low Near Low Near And then Again Bounced Back from the support, “said Dr Praveen Dwarakanath, Vice President of Hedged in.
He added that the index is bouncing every time from the 24500 level, indicating strong support at the 24500 level.
Earlier, The Indian Stock Markets Opened on a Cautious But Positive Note on TuesDay, Tracking Mixed Global Cues Amid Rising CONCERNS Over Tariffs, Geopolitical Tensions, and Fiscal Worries in the Us Economy. (Ani)
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