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The domestic market witnessed modest gains owing to the positive global sentiments. Particularly, the recent signs of weakness in the US non-farm payroll data have strengthened the case for potential interest rate cuts in September. However, in the broader market, investors are being cautious, opting for a selective approach, awaiting more clarity from central bank leaders in Japan and the US
The domestic market witnessed modest gains owing to the positive global sentiments. Particularly, the recent signs of weakness in the US non-farm payroll data have strengthened the case for potential interest rate cuts in September. However, in the broader market, investors are being cautious, opting for a selective approach, awaiting more clarity from central bank leaders in Japan and the US
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Retaining series of ascending tops and bottoms, Nifty continued to trend higher, another positive close ensures key support near 24500, while stability to lift the index further higher till 24950. BankNifty reclaimed levels of 51k; as long as levels of 50500 are intact, gradual rally in the near term is expected till 51500-52k. Mid-Smallcap 100 indices remained steady and have more room on the upside to outperform.
Retaining series of ascending tops and bottoms, Nifty continued to trend higher, another positive close ensures key support near 24500, while stability to lift the index further higher till 24950. BankNifty reclaimed levels of 51k; as long as levels of 50500 are intact, gradual rally in the near term is expected till 51500-52k. Mid-Smallcap 100 indices remained steady and have more room on the upside to outperform.
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