Global equity markets have come under pressure as the fear of a #recession in the #US has resurfaced after the weak economic data releases last week. The initial trigger for the fall in equities came from the #PMI data release on Thursday and the #jobsdata release on Friday has added more fuel to it. On the charts, the equity indices have started to come down from a crucial resistance. That leaves the chances high to see more fall in the #dowjones, #nifty50, #banknifty from current levels. In case the #niftybankindex manages to bounce from 50,500, a range of 50,500-52,500 is a possibility.

Source: The Hindu August 03, 2024 13:03 UTC