The Indian stock market closed down on Thursday (April 24) after the announcement of economic and diplomatic measures against Pakistan after 26 people died in a terrorist attack in Pahalgam. Along with this, the major benchmark index NIFT and Sensex broke at a seven-day rise. FMCG shares led by Hindustan Unilever (HUL) led to a boost in veteran shares like ICICI Bank and Bharti Airtel. Thirty -share BSE Sensex opened with a decline of 80,058 points on Thursday. It slipped up to 79,724 points during trading. Finally, the Sensex closed at 79,801.43 with a decline of 315.06 points or 0.39%.
What are the signs of global markets?
Meanwhile, the US stock markets rose on Wednesday, Dow Jones rose 1.07 percent to 39,606.57, S&P 500 increased 1.67 percent to 5,375.86 and Nasdaq Composite increased by 2.50 percent to 16,708.05. The SP 500-Linked futures led to a slight 0.08 percent increase. Nasdaq 100 futures remained stable, while Dow Jones futures fell 0.15 percent.
Asian markets remain mixed. Japan’s Nikkei rose 225 0.89 percent, South Korea’s cospy fell 0.41 percent and Australia’s S&P/ASX 200 0.59 percent. Hong Kong’s Hangseng index declined by 0.1 percent and the CSI 300 of the mainland Chinese fell by 0.16 percent.
Investment Strategy?
“We maintain our positive attitude on the Nifty and recommend the strategy of ‘purchasing on the fall’ strategy. The Nifty is getting strong support around 23,700-23,800. Also, we believe if the index enters the consolidation stage,” says Senior Vice President (Research). So make your position accordingly. “
How was the market on Wednesday?
On Wednesday, the domestic stock market closed up in the seventh consecutive trading session. The BSE Sensex rose 520.90 points or 0.65% to close at 80,116.49. The Nifty-50-161.70 points or 0.67% rose to closure at 24,328.95.