D-Street Poised for Positive Start as GIFT Nifty Trades Higher
· Business · Economic Times, Moneycontrol
Dalal Street is headed for a positive opening after the GIFT Nifty traded higher by 126 points, or 0.52%, at 24,216 on the NSE IX. The benchmark Nifty recently declined for the seventh consecutive session, dropping 0.3% due to elevated crude oil prices and weak global cues. Analysts warn that the index must sustain above the 24,000 mark to prevent increased bearish momentum. Meanwhile, the India VIX fear gauge fell 0.6% to settle at 11.32 levels. Foreign and domestic institutional investors recorded net buying activity on Wednesday.
Why it matters
Market participants and retail investors watching domestic indices need to monitor the crucial 24,000 support level on the Nifty to gauge short-term market direction amid ongoing global volatility.
Read the original report — Economic Times
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