18-03-2024 04:19 PM | Source: PR Agency
Market Closing Comment by Mr Shrey Jain, Founder and CEO SAS Online - India's Deep Discount Broker
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Below the Quote on Market Closing Comment by Mr Shrey Jain, Founder and CEO SAS Online - India's Deep Discount Broker
Amidst subdued global market sentiment and heightened selling pressures from both domestic and foreign institutional investors, caution prevailed among investors, resulting in Indian equity indices Sensex and Nifty trading flat today. Mid and small-cap indices also displayed lackluster performance. By the close of trading, the Sensex edged up by 104.99 points or 0.14 percent to reach 72,748.42, while the Nifty gained 32.40 points or 0.15 percent, closing at 22,055.70.
Looking ahead, considering the technical standpoint, the short-term and near-term outlook for the Nifty suggests weakness. A definitive breach below the 21,900 level could potentially trigger a significant downward movement towards the subsequent support level at 21,500 in the near future.
Looking ahead, considering the technical standpoint, the short-term and near-term outlook for the Nifty suggests weakness. A definitive breach below the 21,900 level could potentially trigger a significant downward movement towards the subsequent support level at 21,500 in the near future.
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