Markets Down Due To Geopolitical Reasons, Turnaround Expected In 2nd Half

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HNI Commodity Pack

Bank Nifty fell 296 points from day’s high of 24375 and close at 24217 after making low of 24078.The Bank Nifty has fallen for the third consecutive day, the Index fell 888 points in last 3 days.

Nifty to open gap down by 122 points at 9756 against yesterday’s close of 9878 as per SGX Nifty.

The Cash Market Benchmark Index Small Cap was down by 4.62% from its previous day’s close of 7516. The Index closed at 7169 after making a low of 7094.

International Market Morning Update:

Geopolitical concerns continued to weigh on Wall Street amid an ongoing escalation in tensions between the U.S. and North Korea.

In International markets, S&P500 gave the breakout of its range low of 2460 and is currently trading at 2434.

German Index Dax yesterday closed 11930 breaking its range low of 12087.

MSCI emerging market Index is trading at 1045 the Index recently made a high of 1077.