The Nifty also hit a fresh record high Intraday on Tuesday.

The Nifty 50, a stock market index in India, closed higher on Tuesday, July 9th, 2024 forming a long bull candle on the daily chart. This signals a potentially bullish trend for the market.

Breakout: Nifty overcoming the resistance level of 24,400 indicates increased buying pressure and bullish sentiment among investors.

Confirmation: It’s important to see if Nifty can sustain this level in the coming days. A sustained rise above 24,400 would further solidify the bullish trend.

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The oil market reacted minimal damage from Hurricane Beryl.

Tue Jul 9 , 2024
Hurricane Beryl’s impact limited: Initial fears of disruption to oil production in Texas from Hurricane Beryl subsided as the storm caused less damage than expected. Oil prices down: This positive development led to a decline in oil prices. Brent crude futures fell 0.45% to $85.36 per barrel, and WTI crude […]

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