Pre-market action: Here's the trade setup for today's session
On Monday, benchmark indices saw a downturn, erasing a brief recovery. The combination of weak global cues and profit-taking in the private banking and IT sectors weighed on investor confidence. Analysts suggested that immediate resistance is at 23,175, with support situated at 22,800. Foreign portfolio investors sold shares worth Rs 1,148 crore, while domestic institutional investors...
Key Takeaways
- On Monday, benchmark indices saw a downturn, erasing a brief recovery.
- The combination of weak global cues and profit-taking in the private banking and IT sectors weighed on investor confidence.
- Analysts suggested that immediate resistance is at 23,175, with support situated at 22,800.
On Monday, benchmark indices saw a downturn, erasing a brief recovery. The combination of weak global cues and profit-taking in the private banking and IT sectors weighed on investor confidence. Analysts suggested that immediate resistance is at 23,175, with support situated at 22,800. Foreign portfolio investors sold shares worth Rs 1,148 crore, while domestic institutional investors remained net buyers.
Original Publisher Attribution
This summary was curated from Economic Times.