The market snapped a three-day losing streak on dip-buying, with the Nifty rebounding from the 25,700 support zone to finish near 25,900 as the index reclaimed its 50-DEMA after an early slip. Broader markets firmed up, with midcaps rising 1 percent and smallcaps adding 0.8 percent. The rupee, however, hit a record low of 90.37 on strong importer demand, even as FIIs continued selling and DIIs remained steady buyers. The Fed’s rate cut offered some support, though policymakers signalled limited room for further near-term easing. This morning, global cues were positive. US markets ended higher overnight as Oracle sparked rush out of AI trade into the broader markets and Asian markets also mirrored positive moves and edged higher this morning. Catch Lovisha Darad in conversation with Jay Tha
Live: Can Nifty extend gains and reclaim 26,000?
Moneycontrol2 hrs ago
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