- ๐ฎ๐ณ Indian Market: Dalal street ended sharply lower as rising USโIran tensions hurt global sentiment, pushing crude prices higher ๐ข๏ธ, which raised worries about inflation and earnings outlook.
- This cautious mood may keep volatility elevated in the near term, but strong domestic fundamentals remain intact, suggesting that such corrections could gradually turn into attractive buying opportunities ๐ค for long-term investors.
- ๐ Market Breadth: On the NSE, 687 stocks ended in the green, while 2235 stocks closed in the red.
- ๐ Global Market: Wall Street ended higher on Wednesday as gains in tech giants like Nvidia and Amazon eased recent AI jitters ๐๐ป, which in turn lifted many Asian markets on the back of strong US economic data.
- However, oil prices jumped ๐ข๏ธ as investors tracked USโIran efforts to ease tensions even as military activity in the key oil-producing region kept overall sentiment cautious.
