Indian equity markets extended their decline on Thursday, August 13, with the Nifty 50 settling at 24,395.85, down 40.10 points, or 0.16%, as persistent Middle East tensions and a firmer US dollar outweighed optimism from softer US inflation data, leaving investors cautious despite improving global risk sentiment.
From a technical perspective, the Nifty’s immediate resistance is placed in the 24,400-24,500 zone, with a sustained close above 24,600 needed to improve the near-term structure. On the downside, 24,300-24,250 remains the key support zone.
