Stock Market Today: BSE Sensex and Nifty50, Indian Equity Benchmark Index, was opened in red on Tuesday. While BSE Sensex submerged more than 400 points, Nifty50 was below 22,350. At 9:16 am, the BSE Sensx was trading 420 points or 0.57%at 73,694.68. Nifty50 was 22,322.20, 138 points or 0.61%below.
With a decline in the leadership of banking, automobiles and FMCG sectors, the Indian markets shut down on Tuesday. Jatin Gedia, technical research analyst at Mirae Asset Stachkhan, saw that Nifty experienced bidal movements on Monday before closing in a negative area.
“It can move towards 22,405–22,320 that recently has 38.2% and 50% fibonacci retracement levels. Daily motion indicators have a positive crossover that is a purchase signal and therefore this dip towards the support area should be considered as a purchase interest. We expect 22,800- 23,000.
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Ajit Mishra, Senior Vice President – Research in Religare Broking, stated that 20 -Divine EMA resistance banned the movement upwards and started booking profit. “The market requires a fresh catalyst, however, to overcome the short-term resistance of the 20-day EMA at 22,700. However, mixed global signs and underperformance of banking index remain major obstacles. Between all, we suggest that with focusing on stock selection and risk management, we continue to continue with a positive view,” a positive is still a positive view. “
The US Equities on Monday rapidly declined with concerns over tariff controversies and potential government shutdowns, increasing the concern of the recession in the US economy.
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Asian equities declined for the third straight session on Tuesday, after the weakness of the US market, which recorded the NASDAQ 100 to record its worst performance since 2022, affecting the largest global economy with concerns in tariffs and government employees.
Gold prices remained stable on Tuesday, as the traders waited for significant inflation data to evaluate the rates of the Federal Reserve, while the business stress and economic development after the US President Tariff monitored the concerns.
Japanese Yen strengthened near five-month-old peaks on Tuesday, became a favorite safe-horn currency because concerns with the US development recession affected American equity and dollar performance.
FII was a pure seller on Monday with a outflow of Rs 2,035.10 crore, while DIIS was a pure buyer with Rs 2,320.36 crore.
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