The BSE Sensex fell 152.55 points, 29.90 points

Market Performance: Both Sensex and Nifty opened slightly negative on Monday, July 8th,
2024, despite recent record highs. The Sensex fell 152.55 points and the Nifty dropped 29.90 points compared to their previous closing.

Reasons for the Dip: Analysts point towards concerns about high valuations and awaiting cues like the Union Budget and Q1 earnings season.
Investor Sentiment: Institutional investors seem to be holding their positions, while global market trends and US equities’ performance are being watched closely.
Positive Outlook: Some analysts see optimism regarding potential government support for manufacturing in the budget. India’s strong economic and earnings growth are also seen as attractive to investors.
Volatility Factor: Foreign portfolio investments (FPI) are experiencing volatility due to global economic shifts.

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Nifty close around 24,320.Today rangebound trade;

Mon Jul 8 , 2024
The Nifty 50, a benchmark stock market index in India, is currently trading  around 24,320  in a range bound manner. This means the index is fluctuating within a specific price range without any significant upward or downward trend.

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