#MarketRebound
The current market condition is showing mixed trends. Here are some key updates:
*Stock Market:*
- *S&P 500*: Down 1.09% with a current price of 5973.80
- *Nasdaq*: Down 1.17% with a current price of 21637.60
- *Sensex*: Recently rallied 1,016 points to end at 58,649, while Nifty added 293 points to close at 17,469
*Market Sentiment:*
- Investors are cautious due to geopolitical tensions in the Middle East, which have impacted global markets
- Crude oil prices have a significant impact on the market, with prices surging 11-12% due to escalating tensions
*Indices:*
- *Bank Nifty*: Jumped 1.82% to regain 37,200 levels
- *Nifty IT*: Up 1.8% recently
- *Nifty Financial Services*: Up 0.76%
- *Nifty Auto*: Up 0.27%
*Market Outlook:*
- Experts advise accumulating longs on dips with a stop loss of 17,100 levels, with resistance expected at 17,400-17,500 levels
- Near-term volumes and margins for certain stocks, like Bosch, are expected to remain under pressure ¹ ² ³
