Branch2 Intelligence
Nifty Outlook for July 9: Analysts cite 23,800 as key support amid rising global uncertainty
Key takeaway
Nifty fell sharply from 24,300 to 23,805, closing near day's low amid global uncertainty.
- Step 11st-order: Nifty selloff triggered by global uncertainty (US yields, geopolitical risks).
- Step 22nd-order: FII outflows accelerate as risk appetite wanes, pressuring the rupee and liquidity.
- Step 33rd-order: Indian SMEs face higher financing costs and input price inflation due to weaker rupee and tighter credit conditions.
Source: CNBC TV18 (Markets)
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