Market analysts express concerns about Nifty's downward trend, with support around 23,600 and potential declines towards 23,500. Bank Nifty shows weakness, with critical support at 51,800. Caution is advised amidst geopolitical tensions and inflation worries.

Headline indices Nifty 50 and Sensex fell sharply after a lacklustre opening on Thursday, pressured by the losses in banking and information technology, as escalating geopolitical tensions resulting from the Russia-Ukraine war dented investor sentiment.

The Nifty 50 ended the session with a sharp decline of 1.49%, closing below the psychological 24,000 mark at 23,914 points. Similarly, the Sensex posted a significant drop of 1.48%, settling below the 80,

After the Indian benchmark indices ended the day on a negative one on Tuesday, the early Gift Nifty movement indicated a good start on.

US: Federal Reserve Governor Michelle Bowman will speak at the Annual Symposium on Building the Financial System of the 21st Century — 4:45 a.m. Rupee appreciated 5 paise to close higher at 84.45 against the US dollar. It opened flat at 84.49 on Friday. The Indian unit closed at 84.50 on Thursday, according to data on Bloomberg.

Indian stock market looks set for solid gains as BJP-led alliance wins in Maharashtra assembly elections. Gift Nifty indicates a 301-point rise. Strong Friday gains push Nifty above 200DMA, signalling a positive trend and potential rally if it stays above 23,

Stock markets experienced a downturn during Thursday’s midday trading on November 28, 2024, with both the Sensex and Nifty recording notable declines amid mixed sectoral movements.

The trends on Gift Nifty indicate a mildly positive start for the Indian benchmark index. The Gift Nifty was trading around 23,560 level, a premium of nearly 25 points from the Nifty futures’ previous close.