- ๐ฎ๐ณ Indian Market: After moving within a range for the past few sessions, Nifty attempted a breakout today ๐, supported by earnings optimism and buying in key heavyweights. However, rising crude oil prices ๐ข๏ธ, continued FII outflows, and a weak rupee kept the upside limited, making investors cautious. Now, market direction may depend on the US Fed outcome, along with West Bengal exit polls ๐ณ๏ธ and ongoing global geopolitical developments.
- ๐ Market Breadth: On the NSE, 1406 stocks ended in the green, while 1547 stocks closed in the red.
- ๐ Global Market: US stocks slipped on Tuesday ๐, moving away from record highs as rising concerns over heavy AI spending dragged tech stocks ahead of key earnings. This weakness flowed into Asian markets, which traded mixed. Meanwhile, gold โจ remained steady as investors stayed cautious, closely watching Fed Chair Jerome Powellโs upcoming comments for clarity on how the Iran war and stalled peace talks could impact the global economy.
