Stock Market LIVE Updates: Indian equity benchmarks BSE Sensex and NSE Nifty50 failed to recover initial losses after a gap-down start on Monday, amid broad-based losses.
“While the key numbers seem to be below expectations, one good thing is the confidence with which they are talking about being able to execute higher quantum of contracts in the coming years, which could probably be significantly better and is definitely comforting.
Both main gauges drop as much as two percent after a gap-down start.
“The sacrosanct support of its 20-day exponential moving average is positioned at 17,450, which coincides with the breakout point of its previous congestion zone.
Indian equity benchmarks continued to decline for a third straight session on Wednesday ahead of a long weekend.
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