Nifty 50 failed to sustain the psychological 25,000 mark, falling over a percent to 24,718 on August 2. If selling pressure continues in the upcoming sessions, the index may find support at the 24,600-24,500 levels. Moreover, market participants are closely watching all developments in the middle-east after Iran has threatened immediate attack on Israel. Weak economic data from the US further dampened sentiment which is likely to increase the selling pressure in the Indian equity market too. Among stocks in focus will be SBI, Titan, Divi's Lab after their Q1 results Whereas Bharti Airtel & ONCG will be declaring their numbers today. Moneycontrol's Stacy Pereira discusses strategies for trade and stock ideas with Milan Vaishnav, Founder and Technical Analyst, ChartWizard FZE on today episode of Opening Bell
first published: Aug 5, 2024 09:01 am
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