Welcome to Indian Market in Minutes by the Motilal Oswal Research Desk! In this episode, host Shivangi Sarda breaks down:
- Domestic inflation at a 4-month low (5.2%) sparking RBI rate cut hopes.
- Highlights from HCL Tech and TCS's strong quarterly earnings.
- A detailed analysis of Nifty’s sharp 340-point drop, forming a bearish pattern, and key levels to watch.
- Nifty Index: Major support at 22650 with hurdles at 23350.
- Bank Nifty: Watch 48500 for resistance; downside targets 47250.
- Sector Focus: Positive moves in Biocon, TCS, and BSE; Weakness in PB Fintech, IOC, and more.
- FII/DII Action: FIIs sold ₹4893 crores; DIIs bought ₹8066 crores.
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