We have witnessed a sharp downfall in Nifty and Banknifty along with sectorial selling pressure amid the Iran-Israel war, although India's growth story has been robust and expected to rise continuously even amid global uncertainties. but may be lower than expected or projected , due to high inflation forcasting may be a part of lower GDP growth. India is a major crude importer , Hence volatility and up surge in Crudeoil prices expected to affect almost every corner of the economy, considering recent crises in LPG,,Crudeoil and restricted supply, will give rise to overall production cost and disruptions in production for manufacturing industries. Moreover, household budgets may rise across the country , which may decrease individual savings .We may see as cascading effect of the current global situation, which may take slight more time to make nullify overall effect upon indian economy. Eventually new investment may slower its pace or ...
NIFYTY VIEW : 09.04.2025
NIFTY MAY TODAY TRADE IN BOTH SIDE , CURRENTLY TRADING -120 at 22417 BROADLY, THE CHART SHOWS SUPPORT NEAR 22200-22250 WHILE RESISTANCE NEAR 22675-22750 .HENCE WE MAY SEE SLIGHT SELLING AND SOME RECOVERY FOR THE DAY .
** RESERVE BANK OF INDIA POLICY DECISION TO COME TODAY; MOST IMPORTANT IS COMMENTARY FROM RBI GOVERNOR**
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