- 🇮🇳 Indian Market: After opening on a weak note 📉, the market continued to slide through most of the session, yet experts believe the near-term trend of Nifty remains positive and this correction may be short-lived with a bounce likely 🔄.
- Meanwhile, the Nifty IT index hit a multi-month low 💻 due to AI-led outsourcing fears, weak US tech stocks, and strong jobs data, pushing investors toward domestic sectors.
- 📊 Market Breadth: On the NSE, 1002 stocks ended in the green, while 1909 stocks closed in the red.
- 🌍 Global Market: The Nasdaq and Dow slipped slightly while the S&P 500 stayed flat, as strong US jobs data eased recession fears but also reduced hopes of quick rate cuts by the Fed 🏦. Meanwhile, Many asian markets advanced for a fifth straight day 📈, attracting investors with better growth prospects and lower valuations. At the same time, gold and silver fell as strong data lowered expectations of faster policy easing.
Market Update 📰:12-02-2026
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