Brace yourselves, stock market lovers! GIFT Nifty faces turbulence amid global chaos – are we in for a wild week?
The stock market can often feel like a rollercoaster, and right now, GIFT Nifty is taking us on a wild ride! After touching a milestone of 25,000 points, it swiftly fell back down with the recent numbers indicating a sharp drop of around 300 points. What’s fueling this descent? Analysts suggest that weak global cues are likely to keep investors on their toes as they anticipate further fluctuations in the coming sessions. With international markets fluctuating and uncertainty in the air, everyone is waiting to see if the resilience of our own Nifty 50 can hold up against the tide.
To add some fuel to the fire, recent performance in global markets hits the brakes, registering losses up to 7%. Japan’s Nikkei was particularly hard-hit, plummeting 14.7% in just three days, primarily after the Bank of Japan caught everyone off guard with an unexpected interest rate hike. If that's not a sign that we should be cautious, we don’t know what is! GIFT Nifty currently stands at around 24,365 — a notable discount pointing towards a gloomier opening for domestic indices. Traders are on edge, grappling with whether to interpret these alarming numbers as mere turbulence or a warning to steer clear.
As we gear up for this week, experts have highlighted key reasons for the anticipated sell-off. Concerns range from weak performance by Asian markets and rising recession fears in the US to geopolitical tensions and jitters about domestic valuations. Oh, and let’s not forget the flow of Foreign Portfolio Investment (FPI) which seems to be taking a hit too. With the backdrop of this perfect storm, investors need to stay vigilant as they navigate these tricky waters.
So, amid the chaos, what can we learn? The stock market is indeed a living entity, responding to shifts both far and near. It’s essential to keep an eye on global trends and domestic signals before making those crucial trading decisions. And on a lighter note, did you know that in the world of stocks, the more things change, the more they remain the same? Markets rise, markets fall, but the reality remains: they will ultimately always find their way back! It’s like a game of hide-and-seek – just when you think you’ve found a stable spot, the market hides again. Well, let’s hold on tight and enjoy this rollercoaster, shall we?
Nifty achieved a milestone of 25000 but later declined due to weak global market cues. Analysts predict further weakness in coming sessions.
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GIFT Nifty traded down by 340 points or 1.38% at 24375 indicating a negative opening for domestic indices NSE Nifty 50 and BSE Sensex.
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The trends on Gift Nifty also indicate a negative start for the Indian benchmark index. The Gift Nifty was trading around 24365 level, a discount of nearly ...
Wall Street saw a sharp fall on Friday, sending the Nasdaq Composite into "correction" territory, meaning a 10% fall from the top.
Investors were looking towards the earnings season, the Budget, and the US Federal Reserve to provide further cues to the markets.
Stock market today: At the last count, GIFT Nifty futures — an early indicator of the Nifty50 index — were down 356.55 points or 1.44 percent at 24355.
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Traders should use any rebound to reduce long positions, said Rajesh Bhosale of Angel One. A Nifty level of 24250 is seen as immediate resistance, he said.
Indian stock market: Gift Nifty was trading around 24290 level, a premium of nearly 200 points from the Nifty futures' previous close, indicating a gap-up ...
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Japanese stock markets rebounded during the early trading session on Tuesday, recovering from the losses incurred on Monday.
Sensex, Nifty set for a rebound after Monday's sell-off. Find out more about the market and the stocks to watch on the marketbuzz podcast.