Stock Market Falls:
The Indian stock market ended Monday on a negative note after two days of gains. Both major market indices, the Sensex and Nifty 50, fell as investors became cautious ahead of the important US Federal Reserve meeting. Market experts said traders preferred to book profits instead of taking fresh risks.
On Monday, the Sensex dropped by 0.71 percent and closed at 85,102.69. At the same time, the Nifty 50 slipped 0.86 percent and ended below the 26,000 mark at 25,960.55. This fall stopped the recent upward trend seen after the RBI’s policy announcement.
The main reason behind the cautious mood in the market is the two-day meeting of the US Federal Reserve. Investors expect the Fed to reduce interest rates by 0.25 percent. However, they are unsure about how aggressive future rate cuts will be. Many traders believe that Fed Chair Jerome Powell may signal slower rate cuts going forward. This uncertainty has affected global markets, including India.
Commodity prices also moved lower. Gold and silver prices on the MCX slipped as investors waited for the Fed’s decision. Gold closed slightly lower at ₹1,29,920 per 10 grams, while silver fell by nearly 1 percent to ₹1,81,625 per kg.
Market experts say that the Indian market may remain volatile for a few more days. Factors such as the rupee’s movement against the US dollar, foreign investor activity, and overall market liquidity will play a big role in deciding the next market direction.
From a technical point of view, Nifty 50 has moved below an important support level of 26,000 and also slipped under its short-term moving average. This shows short-term weakness in the market. Experts feel that Nifty may move towards 25,730 if selling pressure continues. On the higher side, resistance is seen between 26,000 and 26,100.
Despite the weak mood, market experts have picked a few stocks for short-term trading. These include Can Fin Homes, PB Fintech, Paytm, Union Bank of India, KFin Technologies, Ather Energy and Coromandel International. Each of these stocks has been given clear entry prices, profit targets, and stop-loss levels for better risk control.
Investors are advised to be careful in the coming days and take guidance from certified market experts before making any investment decisions.
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