Key Factors That Affect the Stock Market

Stock Market: The stock market witnessed huge fluctuations on Thursday. However, Nifty and Sensex gave positive closing. At the same time, experts say that the market will remain range-bound today also due to sector rotation and stock specific action, Q4 results, micro economy signals and US tariff ban. Yesterday, the Sensex closed at 81,633.02 with a gain of 320.70 or 0.39%, while the Nifty 50 index closed at 24,833.60 with a gain of 81.15 points or 0.33%.

 Let us know which factors will be seen in today's trading. GIFT Nifty trading at flat level The stock market will remain range-bound today also due to sector rotation and stock specific action, Q4 results, micro economy signals and US tariff ban. Also Read: GIFT Nifty is trading at flat level, how will be the opening in Sensex-Nifty? On Friday, GIFT Nifty was trading at 24,947 level with a gain of 10 points or 0.04 percent on NSE IX. This indicates that Nifty and Sensex may also open at flat level today.

This level is important for Nifty

The next important level for the Nifty 50 index is 24,670. If it goes below this level, a sharp correction can be seen and it can come to the level of 24,400 or 24,300. India VIX, an index that measures fear in the market, has fallen 8.5 percent to 16.42. Also Read: Stock Market: Power stocks up as market falls, ITC's share crashed

US market gains after ban on tariff

Let us tell you that the US stock market closed with a gain on Thursday. The main reason for this is the ban on Liberation Day tariff by the Federal Court. Apart from this, Nvidia shares also saw a rise after the quarterly results.

Summary

Yesterday, the Dow Jones Industrial Average rose 117.03 points or 0.28 percent to close at 42,215.73, while the A&P 500 index rose 23.62 points or 0.40 percent to close at 5,912.17. Meanwhile, the Nasdaq gained 74.93 points or 0.39% to close at 19,175.87.