Despite fluctuations, the Nifty maintains an overall upward trajectory. A decisive move beyond 24,500 is projected to trigger further gains, potentially reaching 24,900 in the near future. The current support level stands at 24,150.
India’s Closing Auction Session (CAS) was introduced to improve price discovery, but recent sharp swings have exposed gaps in its safeguards. Jimeet Modi argues that
US rate-hike expectations jumped sharply after Fed Chair Kevin Warsh’s Jackson Hole speech, with traders pricing a 57% chance of a September hike. Goldman Sachs,
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