Huge fall ahead for Nifty after red-hot US inflation data?3 min read . Updated: 12 Jun 2022, 11:47 AM IST
Nifty outlook: Analysts expect Nifty to find support around 15,650-15,900 levels while the 16,500-16,800 levels would act as strong hurdles in case of any rebound
The domestic inflation data for May, US Fed interest rate decision and FII behaviour are the crucial factors that would dictate terms in the equity market this week, analysts said. The rupee's movement vs US dollar and crude oil prices will be also on the radar of traders. Indian stock market benchmark Sensex on Friday fell over 1,000 points as investors shunned risky assets on worries that aggressive interest rate hikes by global central banks would stifle economic growth. The Nifty on Friday ended 1.68% lower at 16,201.
Select your Category