Sensex Fell by more than 200 points nifty below 24650 see the condition of pre-open session

News India Live, Digital Desk: Weak Start of the Market: The beginning of the week was disappointing for the Indian stock market. The major indices Sensex and Nifty started trading with a decline in the early pre-open season of Monday. Amidst the uncertainty of mixed signs mixed globally and especially the US Federal Reserve, investors took a cautious stance, seeing the pressure of selling in the market.

Bombay Stock Exchange BSE’s sensitive index Sensex opened by more than 200 points to 82,752.62 points in the pre-open session. The benchmark Nifty of the National Stock Exchange NSE also appeared under pressure and fell below the level of 24,650 points. This shows that there was an atmosphere of anxiety among investors and they were giving priority to reducing their status in the market.

Many factors are being held responsible for this decline in the stock market:

Global signs: Mixed demonstrations were seen in Asian markets, while in the US equity markets, there was ups and downs before the Federal Reserve meeting. Investors are awaiting indications of potential interest rate hike by the US Federal Reserve, which may have a direct impact on the global economy.

Crude oil prices: Brent crude oil prices were near $ 84 per barrel, which can put pressure on rising inflation and corporate profit margin.

FPI flow: Foreign portfolio investors (FPIs) have slowed down the investment trend in India. In the previous session too, FPI had carried out net withdrawal from equity markets, which has weakened the trust of investors.

technical analysis: Analysts believe that the 24,600 level for Nifty was a significant support point (support level). If the market breaks this level, then further decline may fall. On the other hand, it was facing resistance resistance at the level of 24,750 to 24,800.

Overall, caution is clearly seen between investors. Waiting for the decision on the interest rate of the Federal Reserve and other global uncertainties are creating a short -term challenge for the Indian stock market. Investors are being advised to invest carefully and keep a close watch on global signals.