Domestic benchmarks are attempting to sustain new highs, driven by the US Fed’s aggressive rate cut. Meanwhile, the Chinese central bank’s rate cut, and additional stimulus measures have positively influenced global investor sentiment, resulting in gains for domestic metal stocks.
Dalal Street Week Ahead: Market outlook remains bearish; Nifty vulnerable to extended weakness
The markets showed persistent decline over the last week, with the Nifty index breaching key technical levels, including the 200-DMA and 50-week MA, ending significantly
January 11, 2025