At the closing bell, the Nifty stands at 19,500 points, while the Sensex experiences a decline of 483 points, with all sectors                                     showing losses

At the closing bell, the Nifty stands at 19,500 points

Global geopolitical factors negatively impacted market sentiment worldwide, and the Indian markets mirrored this sentiment by beginning the week cautiously at 19,550 points. Although there was an initial attempt at recovery during the day, bearish forces took control, pushing the index lower to close the session at 19,512.35, down by 141.15 Global geopolitical factors negatively impacted market sentiment worldwide, and the Indian markets mirrored this sentiment by beginning the week cautiously at 19,550 points. Although there was an initial attempt at recovery during the day, bearish forces took control, pushing the index lower to close the session at 19,512.35, down by 141.1 points. All sectors experienced declines, with PSU Banks and Media sectors performing the worst.

 

In comparison to the Nifty50, Mid and Smallcaps saw more significant corrections, closing the session with losses of 1.34% and 1.78%, respectively.

 

With the formation of a bearish candle, the Index has returned to its consolidation range. The upside is limited by its 50-day moving average (DMA) at 19,600 points, while immediate support is established at 19,450 points. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.