Trading Plan: Will the Nifty, Bank Nifty be able to hit record high after exit polls signaling clear BJP win?
The FIIs' long-short ratio in index futures at oversold levels may also be indicating a rebound.
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The FIIs' long-short ratio in index futures at oversold levels may also be indicating a rebound.
Gold Price Today: Gold and silver futures open mixed on MCX ahead of US data. MCX Gold shows potential downside with support at Rs 71,700. Neha Qureshi recommends selling MCX gold at Rs 72,200 and silver at Rs 94,000.
Financial services and IT stocks were the major laggards, dragging the Nifty down. Nifty Bank and Nifty Private Bank each fell 1.2 percent.
Gold prices experienced a decline on Tuesday. Despite the dip, gold retained its strength as traders awaited US inflation data, which could influence the Federal Reserve's decision regarding interest rate cuts.
Mumbai indices retreat after hitting highs, Sensex at 75,391, Nifty at 22932, market awaits key data and OPEC+ meeting.