“Currently, Nifty is witnessing consolidation. The indices closed with a mixed performance, bringing an end to two consecutive days of declines.” Om Mehra, research analyst at Choice, said, “On Tuesday, India's benchmark indices showed minimal movement, fluctuating between gains and losses throughout the trading session. There might be some profit booking expected in the market on account of the rich valuation,” Vanara added.
“We believe that in the near term, the market will be full of volatility on account of tomorrow's Fed meeting and ongoing earning season. However, China’s stimulus announcement helped to limit the negative impact and helped the metal stocks gain.”īesides first-quarter results, analysts expect investors to remain cautious ahead of the US Federal Reserve’s policy meeting on Wednesday. Riches Vanara, Technical And Derivatives Analyst, StoxBox, “Today, the market was flat as heavyweights like ITC followed the demerger news had a negative impact on the index.
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