GIFT Nifty traded down 23 points, or 0.12%, at 19,570.5, indicating a negative opening for domestic indices NSE Nifty 50 and BSE Sensex on Thursday. Previously on Wednesday, the NSE Nifty 50 fell 140.40 points or 0.71% to settle at 19,671.10, while the BSE Sensex shed as much as 551.07 points to 65,877.02.
“Nervousness remained high amidst deepening Middle-East tensions, as Israel-Palestine conflict deepens. Other negative factors such as Uninspiring Q2 from corporate India Inc, the 10-year US Treasury yields spiking to 4.85%, rising expectations of one more interest rate increase from the Fed, and anxiety ahead of Powells Thursday’s speech continue to weigh on the sentiment. Technically, Nifty’s biggest support is placed at the 19,509 mark, while confirmat…
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