π What's driving the market before Wednesday?
The Indian stock market closed in the red on Tuesday, with Sensex falling 210 points to 78,429 and Nifty 50 dropping 159 points to 24,615. Market volatility was heightened due to the new closing auction session mechanism, which analysts feel is not working as intended. Investors are currently focused on stability in the Strait of Hormuz and the upcoming RBI policy meeting. Meanwhile, US stocks hit record highs, boosted by strong AI forecasts and falling crude oil prices. The Nifty 50 needs to hold above 24,400 to maintain a positive short-term trend. π