«We expect the consolidation to continue in the short term; a reversal in trend will depend on a slowdown in FIIs selling intensity and the outcome of the US presidential election. The domestic macros are largely favouring the market with the unveiling of strong PMI data and reiterating economic growth forecast for FY25 by the RBI,» said Vinod Nair, Head of Research, Geojit Financial Services.
Here's breaking down the pre-market actions:
STATE OF THE MARKETS
GIFT Nifty (Earlier SGX Nifty) signals a muted start
GIFT Nifty on the NSE IX traded lower by 8.60 points, or 0.04 per cent, at 24,204.50, signaling that Dalal Street was headed for muted start on Monday.
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