The Nifty index shows signs of a strong recovery after a long losing streak, supported by low sell volumes and oversold conditions. Market expectations are bullish with crucial resistance levels around 22,500, while Nifty Bank outperforms, indicating readiness to break its downward trend.
US Stocks: Nasdaq, S&P end lower as tech megacap declines outweigh upbeat chip outlook
Indian markets saw a mixed close on Thursday. While the Nasdaq and S&P dipped due to Big Tech’s AI spending concerns, the Dow edged higher.