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 lower. This sets a bearish tone for the market, signaling potential prolonged weakness unless resistance levels are surpassed.
Foreign banks dump $3 billion worth g-secs amid India-Pak tensions
Traders believe the 10-year benchmark is likely to settle near 6.32-6.34%, following the recent border de-escalation and ceasefire announcement.
May 13, 2025