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U.S. stock markets experienced a downturn for the fourth consecutive day, primarily driven by declines in AI stocks. The S&P 500 saw its worst day in nearly a month, with companies like Broadcom, Oracle, and Nvidia facing significant drops. Concerns about AI investment profitability and rising corporate debt weighed on investor sentiment.
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Markets experienced volatility, closing with a marginal decline amid ongoing currency swings and mixed global signals. Analysts anticipate continued choppy price action, with key support at 25,700 and resistance around 25,950–26,050. Several companies, including Ola Electric, Vedanta, and NTPC, are in focus due to significant news developments.
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Indian markets saw choppy movement on Wednesday. Nifty closed lower by 41 points. Analysts suggest the underlying trend remains weak. Nifty is expected to find support around 25700-25650 levels. Any bounce back may face resistance around 25950-26000 levels. Foreign portfolio investors were net sellers.
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Wall Street indexes traded higher in volatile sessions as investors sought interest rate outlook clues. Oracle shares dipped amid funding concerns for its data center plans, impacting the tech sector’s AI ambitions. Energy stocks rebounded, while Netflix saw gains following reports of a potential OpenAI investment.
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