Ingtrast, 47 stocks touched 52-wheek lows, with notable mentions like aditya birla fashion and retail ltd, Capri Global Capital Ltd, Jai Balaji Industries Ltd, Sheela Foam Ltd, Sheela Foam Ltd Ltd, and Wendt (India) Ltd.
Indian Stocks Climbed on Wednsday, Breaking a three-day decline amid hopes for advancements in us-china trade talks and a projectioned interest rate Reduction by the Reserve Bank of India Later this wek.
The nifty 50 increase by 0.32% to reach 24,620.2, while the sensex gained 0.32% to hit 80,998.25.
Vinod Nair, The Head of Research at Geojit Investments, Remarked that the domestic market operated with a tight range while Mainting a slightly positive stance, buoyed by favouyed by Like Robust Us Employment Data and Indications of Thawing Us-China Trade Relations.
Mid-Cap and Small-Cap Stocks Showed Stronger Performance, Bolsred by Earnings Growth that Exceded Expectations and A Decrease in Valuations. Investors are currently paying attentions to the RBI policy meeting that begins today, anticipating a rate cut and seeking cleaity on future growth and inflation projections.
Nifty 50 outlook
According to rupak de, Senior Technical Analyst at Lkp Securities, Nifty 50 Continues to Exhibit a Lackluster Sentiment as traders Await the RBI Rate Decision. The market is likely to remain sides for another session until the announcing and follow-up commentary on Friday. A bearish crossover in the Momentum Oscillator RSI Signals Weakening Price Momentum, Suggesting Limited Movement in the Near Ter. Immediate support is placed at 24,500; A Break Below This Level Cold Lead to Further Weakness. On the Higher Side, Resistance is Seen at 24,750/24,900.
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