Stock Market LIVE Updates: Good Morning Reader! Let’s Take A Look At The Market Updates!
The Nifty is stepping into what could be a make-or-break week, and yes, even though it’s a shorter one, it’s packed with action. Are you watching closely?
You should be. From auto sales numbers to the all-important RBI policy decision and second-quarter business updates, there’s a lot on the table that could move markets. After a strong two-week rally of 1,000 points, the Nifty has now given up about 80% of those gains. Ouch. From the September 18 high of 25,448, the index closed Friday at 24,650, that’s an 800-point drop and a six-day losing streak. Feeling the heat yet?
If the selling pressure continues, keep an eye on key support levels: 24,621, 24,533, and 24,404. As for the Nifty Bank, it’s back to square one, closing below the crucial 55,000 and 54,500 levels. Not exactly confidence-inspiring.
Now, let’s talk sectors. IT is still the one to watch, it’s been quietly holding up. Tata Motors might make some noise, depending on sales numbers. And don’t ignore FMCG, especially after Hindustan Unilever’s update.
So, buckle up, it’s one of those weeks where staying sharp and nimble could make all the difference. Are you ready?