Market texture is weak but oversold and experts say that for the traders now, 200 day SMA (Simple Moving Average) or 23500 for Nifty -50 index and 77500 for Sensex would act as a sacrosanct support zo

The NSE Nifty 50 index entered correction territory on Wednesday, falling more than 10 per cent from its all-time high of 26,277.35 reached in September. The decline was driven by a strengthening US dollar following the re-election of President Donald Trump,

Wednesday was another day of fall for benchmark stock indices Sensex and Nifty as US 10-year bond yields spiked and dollar hit four-month high against a basket of major currencies, ahead of US CPI inflation data later in the day.

Indian benchmark indices opened slightly higher on Thursday, supported by gains in financial and banking stocks, following a sharp decline over the previous two sessions. At 10:10 am, the Sensex was up 235.

Indian stock market benchmark indices, Sensex and Nifty 50, are likely to see a muted opening on Thursday, tracking mixed cues from global markets.The trends on Gift Nifty also indicate a weak start for the Indian benchmark index.

The Indian benchmark indices, Sensex and Nifty50, reversed their early gains and ended in negative territory on Tuesday. This decline was driven by weakness in banking, financial, and auto stocks, as disappointing earnings reports and foreign fund outflows weighed on market sentiment.

Indian stock markets opened slightly lower on Thursday, continuing a downward trend driven by corporate earnings downgrades, higher inflation, and foreign fund outflows. Analysts suggest the downturn might persist until February,

Steep correction in the benchmark Nifty 50 index continued which now is closer to 23880 levels and analysts do not rule out Nifty testing the long-term moving average at the 200 DEMA level, around 23,