December 23, 2024

Nifty Takes a 530-Point Dive: Market Updates

3 minutes

Markets are on edge after a tumultuous week! From a 530-point Nifty crash to global markets rallying on cooling inflation, this episode decodes the must-know insights.

Detailed Overview:

Host Shivangi Sarda explores:

Global market rally driven by the Federal Reserve’s inflation data.

Nifty's steep decline, breaking key levels at 23550 and closing the week bearish.

Actionable insights: FIIs selling ₹3598 crores, DIIs offsetting with ₹1374 crores in buying.

Derivatives data signaling market ranges and key resistance levels for Nifty and Bank Nifty.

Stock highlights: Positive trends in IPCA Labs, Petronet LNG, Dr. Reddy, and ICICI Lombard, and notable weaknesses in Tata Motors, RBL Bank, and HAL.

Key segments cover technical insights, FII activity, index actionable, and sectors to watch, highlighting Nifty's potential highs, volatility impact, and strong stocks.

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By Motilal Oswal