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DEAR
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Today's Market Recap!
Market Extends Losing Streak Amid Weak Sentiment; Bank Nifty Shows Late Recovery
India’s equity benchmarks fell for the fourth consecutive session on Wednesday, as delays in the US trade deal and the rupee slipping to a record low kept market sentiment weak.
The Nifty index opened at 26,004.90 and closed at 25,986, posting a small loss of 0.18%.
Overall outlook remains cautious, and traders can track support levels at 25,800 and 25,700, with resistance at 26,150 and 26,300.
Bank Nifty also looked weak and was set for a fourth session of losses, mainly as financial stocks dragged.
The Bank Nifty index opened at 59,158.70, traded negatively in the first half, but showed a strong recovery in the second half and closed at 59,348.25 with a gain of 0.13%.
For Bank Nifty, traders can follow support at 59,000 and 58,900, while resistance levels are at 59,500 and 59,650.
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