business π Market Outlook: Sensex & Nifty on Cautious Start
The Indian stock market is predicted to start muted on Thursday, September 24, due to GIFT Nifty signaling a gap-down opening. This comes after benchmarks gained nearly 0.50% on Wednesday, September 23, with Nifty 50 closing at 23,446 and Sensex at 74,828. The cautious outlook stems from rising US Treasury yields and crude oil price rebounds amid US-Iran uncertainty. Traders are advised to watch the 23,600 level for the Nifty while the Sensex stays in a range-bound setup. A decisive breakout or breakdown will determine the near-term market direction. π