business π Stock market updates: Sensex, Nifty 50, and oil outlook
Indian equity indices, Sensex and Nifty 50, are expected to start Wednesday, September 16th, flat amidst mixed global signals. The previous session saw Sensex drop 1.04% to 74,003.82, while Nifty 50 fell 1.19% to 23,118.60. Crude oil remains a major overhang due to Middle East escalations, keeping energy costs high for India. Technical analysts predict a sideways to bearish outlook for Sensex, emphasizing the 73,500β74,000 zone. Investors should watch Nifty 50 for a decisive break below 23,000 or resistance around 23,300. π