The Nifty index heads into Thursday’s crucial weekly options expiry session after shedding nearly 200 points so far this week. The index struggled to stay above key levels, failing to close above the 25,500 mark on Wednesday and even slipping below 25,400 intraday before managing to defend those levels by close.
Stock Market Live Updates: Broader Market Weakness Persists
Despite a mild recovery from the day’s lows, broader market sentiment remained weak. The advance-decline ratio stayed firmly skewed towards declining stocks, indicating widespread pressure. The day’s low of 25,378 now serves as the immediate downside support, while the index continues to face resistance near the 25,600 mark.
Stock Market Live Updates: US-Vietnam Trade Deal Puts Spotlight on Indian Apparel Stocks
In addition to the weekly expiry, markets will also respond to fresh global developments, particularly the trade agreement signed overnight between the United States and Vietnam. This deal could impact India’s apparel sector, bringing stocks such as Gokaldas Exports into focus.
Stock Market Live Updates: Gold Rises Ahead of Crucial US Economic Data
Gold prices edged higher on Wednesday, buoyed by caution ahead of key US economic releases including non-farm payrolls, jobless claims, and trade data. Spot gold rose 0.3 per cent to $3,348.60 per ounce, while US gold futures closed 0.3 per cent higher at $3,359.70.
Stock Market Live Updates: Oil Gains
Oil prices also climbed after Iran announced it would suspend cooperation with the United Nations’ nuclear watchdog. However, gains were limited due to an unexpected rise in US crude inventories. Brent crude jumped 2.98 per cent to settle at $69.11 per barrel, while US West Texas Intermediate (WTI) crude advanced 3.06 per cent to $67.45 per barrel.
Stock Market Live Updates Today: Nifty, Sensex Eye Steady Start Amid India-US Trade Talks