GIFT Nifty signals muted start; markets likely to consolidate

2 hours ago 1

GIFT Nifty connected the NSE IX traded higher by 18 points, oregon 0.07 per cent, astatine 24,237, indicating a subdued commencement for Dalal Street connected Wednesday.

On Tuesday, home markets shed aboriginal gains owed to nett booking and anemic planetary cues pursuing a two-day rally. Despite this, sentiment was lifted arsenic Foreign Institutional Investors (FIIs) turned buyers aft 38 sessions of continuous selling. FIIs purchased Rs 9,947 crore worthy of shares, providing a much-needed boost.

However, analysts stay cautious. "The inclination reversal among FIIs is yet to beryllium confirmed unless buying sustains," noted marketplace experts.

In the lack of large triggers, markets are expected to consolidate wrong a broader range, with banal and sector-specific actions continuing to predominate the commercialized setup.

Investors volition support an oculus connected planetary cues, currency movement, and crude lipid prices, on with home marketplace dynamics.

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