On Wednesday, GIFT Nifty was trading with a decline. GIFT Nifty was trading at the level of 25,180.50 on NSE IX, down 85 points or 0.34 percent.
Stock Market Live Updates: After four consecutive days of heavy decline in the stock market, Sensex and Nifty closed in the green on Tuesday. Yesterday, the Sensex closed at 82,570.91 with a gain of 317.45 points or 0.38%, while the Nifty 50 index closed at 25,195.80 with a gain of 113.50 points or 0.45%. Actually, the mood of investors has changed after the fall in retail inflation. Retail inflation has come down to a 77-month low in June. It was recorded at 2.1 percent, while it was 2.8 percent in May 2025. According to experts, consolidation will continue in the near future.
Nifty gets support at this level
Rupak Dey, Senior Technical Analyst at LKP Securities, said, Nifty improved due to support around 25,000 in the last trading session. However, on the upper level, it faced initial resistance at 21-EMA. It is around 25,250.
A decisive move above 25,260 in the coming trading sessions could lead to a rally towards 25,400 and above. On the other hand, if the market fails to sustain above 25,260, the bulls may lose grip on the market. In such a situation, Nifty may fall towards the support zone of 25,000 and 24,920-24,900.
Fall in GIFT Nifty
On the other hand, GIFT Nifty was trading with a decline today i.e. on Wednesday. GIFT Nifty was trading at the level of 25,180.50, down 85 points or 0.34 percent on NSE IX. In such a situation, a negative opening is expected on Dalal Street.
Mixed-up closing in US market
Let us tell you that there was a mixed-up closing in the US stock market on Tuesday. The Dow Jones closed down 436.36 points or 0.98% at 44,023.29, while the S&P 500 closed down 24.80 points or 0.40% at 6,243.76. Besides, the Nasdaq closed up 37.47 points or 0.18% at 20,677.80.