📉 Tuesday, 7th January 2025: Market Recap & Insights 📈
In today's episode of Indian Market in Minutes from the Motilal Oswal Research Desk, host Shivangi Sarda unpacks global and domestic market moves:
🌍 Global Highlights:
Strong rally in semiconductor stocks following Foxconn's record revenues.Optimism builds around potential easing of US tariff hikes.Nifty fell 420 points to close at 23,550, forming a bearish candle.India VIX surged 15.6%, signaling increased volatility.FIIs sold ₹2,575 crores, while DIIs bought ₹5,750 crores.🔑 Key Insights for Traders:
Nifty Trading Range: 23,200–24,200 (immediate support at 23,400; resistance at 23,800).
Bank Nifty Outlook: Weakness below 50,250; support at 49,250.
Bullish: Godrej Consumer Products, Apollo Hospital, SBI Cards, Titan, HCL Tech
Bearish: Adani Green, Hind Copper, MCX, JSW Energy
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