Stock market today, July 29 -- The Indian stock markets began the day on a low note on Tuesday, influenced by ongoing selling by foreign portfolio investors (FPI) and worries regarding a potential delay in the India-US trade agreement, which could result in a 15 percent tariff.
The Nifty 50 index commenced at 24,609.65, falling by 71.25 points or 0.29 percent, while the BSE Sensex started lower at 80,620.25, showing a decline of 270.77 points or 0.33 percent.
Market analysts pointed out that Indian equities are presently in an oversold condition, and although a short-term technical recovery could occur, a sustained upward movement is likely to happen only if FPI inflows become positive.
From a technical perspective, Riyank Arora of Meh...
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