Stock market today: Nifty 50 trade setup, US Fed meet, to gold, silver prices – seven stocks to buy
Stock market news: The Indian stock market benchmark indices retraced on Monday after a robust rally following the RBI announcement and finished the day sharply lower.
The Sensex dipped 0.71% to 85,102.69, while the Nifty 50 closed 0.86% lower at 25,960.55, halting its two-day upward trend as investors took profits at elevated levels.
The primary factor contributing to the cautious sentiment was the approaching US Federal Reserve meeting. While the market anticipates that the Fed will reduce rates, traders are concerned that its outlook on future cuts may be more conservative.
In the commodity market, MCX gold and silver prices fell in line with the decline in international bullion prices as investors remained wary ahead of the US Federal…
