UPSCSSCBANKINGSTATE-PSC
Stock market performance influenced by US Fed decision, trade uncertainties, and IT sector.
Summary
The Indian stock market experienced losses due to the US Fed decision and trade uncertainties, particularly impacting the IT sector. The Nifty's performance below key EMAs and the influence of global cues and FII flows are crucial factors to watch.
Key Points
- Indian markets declined due to external factors.
- IT sector was a key performer.
- Nifty traded below key EMAs.
- Global cues and FII flows are important factors.
Full Article
Indian markets extended losses ahead of the US Fed decision and trade uncertainties, with IT dragging benchmarks lower. Analysts flagged weak short-term sentiment as Nifty trades below key EMAs despite support at Fibonacci levels. Global cues and FII flows remain crucial.
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