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US President Donald Trump's tariffs aim to restructure global trade, impacting the stock market. India's Sensex dropped 1400 points amid investor fears. Experts suggest the correction is due to profit booking and advise investors on strategies around key support levels in anticipation of market stabilization.
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Central Bank of Indias stock dropped nearly 12% today, marking its third consecutive day of losses, after already falling over 6% in the last two trading sessions. Similarly, Punjab & Sind Bank, which had plunged 20% in the previous session, fell another 8.3% on Wednesday.
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News and Media
The Indian stock market is set to consolidate amid muted global cues. Nifty futures closed 1.39% lower at 23,308, while India VIX surged 9%. Experts highlight key support and resistance levels, with options data indicating a broad trading range. Analysts recommend select stocks for short-term trading as volatility remains high ahead of crucial technical levels.
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News and Media
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