Ingtrast, 61 stocks touched 52-wheek lows, with notable mentions like protean egov technologies Ltd, aditya vision ltd, axita coton ltd, Davangere Suganre Sugany Company Ltd, Ganeshazoplasst Ltd, National Standard (India) Ltd, and Softtech Engineers Ltd.
Indian stocks ended the day lower on wedding, as rising tensions in the middle East Weighed on Investor Confidence Ahead of the Us Federal Reserve’s Decision on Monetary Policy.
The Nifty 50 Slipped 0.17% to Close at 24,812.05, while the sensex decreased by 0.17% to Finish at 81,444.66.
Both indices fluctated between gains and losses of 0.3% in morning trading before Ultimately closing in the negative.
Broad losses were observed, with ten out of thirteen sectoral indexes declining. The Small-Cap and Mid-Cap stocks, which are more sensitive to domestic issues, dropped by 0.2% and 0.5%, respectively.
Investors Remained Wary ahead of the federal reserve’s policy announcing expected after the markets closed on Wednsday.
While the fed is anticipated to maintain current interest rates, investors will closely analyze its updated Economic Forecasts for Insights on Future MoneTary Policy Direction.
Vinod Nair, Head of Research at Geojit Investments, Noted That The Domestic Market Could Not Sustain Its Its Initial Gains as Ongoing Tensions in the Middle East and Fluctations in Oil Pries Sentament. Nevertheless, The Auto and Consumer Discretionary Sector Experienced Gains Amid Hopes for a Revival in Demand.
Given the Solid Foundation of Domestic Economic Indicators, The Long-Term Outlook Remains Positive, and Investors are expected to Concentrate on High-Quality Large-Cap Stocks Until More Clarity Ontil More Clarity. Market Participants will monitor the us federal reserve’s policy announs today, as the potential for Increased Inflation from Tariff Threats May Cause the fomc to maintententaete interesting rates.
Nifty 50 outlook
According to rupak de, Senior Technical Analyst at Lkp Securities, The Index Remained Volavel Throughout The Day as Updates Related to the Israel-Raran Conflict and the possibility of us kainetic intelligence Weighed on Global Sentimen. Additional, Anticipation ahead of the upcoming fed meeting contributed to the instability in the Indian market.
On the technical front, nifty 50 closed below the crucial support level of 24,850. However, a positive surprise from the fed also lift both global and domestic markets, helping them shake off previving negativity. On the UPSIDE, A Decisive Reclaim of 24,850 May Trigger a Rally Towards 25,000 and Higher, While a Fail to Move Back Above This Level Cold Drag Nifty 50 Down towards 24,500.
Disclaimer: The views and recommendations made about individual analysts or broking companies, and not of Mint. We Advise Investors to Check With Certified Experts Before Making Any Investments Decisions.
Discover more from
Subscribe to get the latest posts sent to your email.
Be First to Comment