Benchmark indices began the day with gains but faced selling pressure as trading continued. The indices eventually closed lower amidst increasing Brent crude oil prices over $110. Analysts suggest that Monday's high of 23,175 is a crucial resistance level to watch. Foreign portfolio investors significantly bought shares, while domestic institutional investors were net buyers as well.
Benchmark indices began the day with gains but faced selling pressure as trading continued. The indices eventually closed lower amidst increasing Brent crude oil prices over $110. Analysts suggest that Monday's high of 23,175 is a crucial resistance level to watch. Foreign portfolio investors significantly bought shares, while domestic institutional investors were net buyers as well.
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On Friday, markets saw some relief after two consecutive sessions of sharp decline, with the Nifty gaining 1.3%, supported by buying in IT stocks. Analysts say Indian equities are likely to remain cautious amid elevated global risks.STATE OF THE MARKETSGIFT Nifty (Earlier SGX Nifty) signals a positive startGIFT Nifty on the NSE IX traded higher by 38.5 points, or 0.17 per cent, at 22,641, signaling that Dalal Street was headed for a positive start on Monday.Tech View: Everything looks bleak, an…
