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Stock Market Today: GIFT Nifty down, Dollar index up, Indo Farm allotment

Business Standard LogoBusiness Standard5d ago

Stock Market Today: GIFT Nifty down, Dollar index up, Indo Farm allotment - Business Standard

Quick Summary:

Share Market Today, Friday, Jan 3: GIFT Nifty futures were trading 99 points lower at 24,184 level at 7:10 AM amid rising US dollar index.

The current rally is likely to continue towards 24,615 – 24,770 which coincides with the 20-week moving average and the 50 per cent Fibonacci retracement level of the fall from 26,277 – 23,263.

On the daily Nifty charts, we can observe that the Nifty has held on to the 200-day moving average (23,699) and decisively closed above that on Thursday.


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Article Details

Category: BusinessFinance

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-03 @ 07:35:27 (5 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 1147 words

Reading Time: 7 minutes read

Sentences: 55 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 24838755

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 304 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 7 hours ago

Coverage Areas: India

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Publisher ID: #49

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