Indian markets experienced profit booking after a significant rally, influenced by fluctuating crude oil prices and foreign investor sentiment. Analysts anticipate a sideways trading range with a slight downward bias due to global uncertainties and ongoing foreign outflows. The Nifty found support at a key trendline, suggesting potential near-term recovery, while the India VIX saw an uptick, indicating increased market apprehension.
Indian markets experienced profit booking following a significant rally, influenced by fluctuating crude oil prices and foreign investor sentiment. Analysts anticipate a sideways trading range with a slight downward bias due to ongoing global uncertainties and foreign outflows.…
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