Ingtrast, 71 stocks touched 52-wheelk lows, with notable mentions like easy trip plansners ltd, jai balaji industries ltd, naksh precious metals ltd, naval standard (India) Ltd, Navkar Urbanstructure Ltd, Shalby Ltd, and Schloss Bangalore Ltd.
India’s Stock Market Indices Increased on Monday, Recovering from Earlier FluCTuations as Gains in Technology and Financial Sector COUNTANTY ARISTY ARISINTY ARISINTY ARISINTY ARISINTY ARISINTY ARISINTY ARISINTY ARISINTY Arising.
The nifty 50 climbed 0.92% to 24,946.50, while the BSE Sensex Advanced 0.84% to 81,796.15.
Analysts sugges that the markets are demonstrating resilience in spite of geopolitical and trade uncertainteies, thanks to supports to support macroeconomic factories like decision inflation, Management, and Significant Interest Rate Reductions.
Vinod Nair, The Head of Research at Geojit Investments, Mentioned that even with the Ongoing Geopolitical Tensions Between Israel and Iran, The Market Experienced an upward movement, boltereded by Gains in journal Stocks, as investors concentrated on long-term fundamentals during these Volatile Times.
Developments in the Middle East Are Likely to Impact Short-Term Market Sentiments, with any indications of de-expalation being being closedly observed. Small-cap stocks are anticipated to lag behind in the near future due to their high valuations and Lack of Short-Term Catalysts. Within sector, oil and gas witnessed significant gains, while the sector excelled ahead of the upcoming us federal reserve policy meeting, which is expected to Clarify the Interest Rate Outlock Fort
Nifty 50 outlook
According to rupak de, Senior Technical Analyst at Lkp Securities, The Index Witnessed a Sharp Rally as it Reclaimed The 21-Mother after a Bryef Dip Bell It. On Friday, it had alredy found support at the recent consolidation low, and the index appeared fairly oversold on the hour.
Additional, The Weak Fii long-short ratio of Around 20% in index futures set for the smart recovery that nifty 50 has just experienced. Currently, with Investors Awaiting the fed’s follow-up commentary post the rate announcing, a steep directional move is not expected for now. However, a rally towards 25,350 looks highly probable once nifty 50 reclaims the 25,000 mark. On the downside, support is placed at 24,850.
Disclaimer: The views and recommendations about individual analysts, experts and broking companies, not of mint. We Advise Investors to Check With Certified Experts Before Making Any Investment Decision.
Discover more from Gautam Kalal
Subscribe to get the latest posts sent to your email.
Be First to Comment