Live Market Updates Today: 10 July
image for illustrative purpose
The Nifty faced a notable decline after failing to sustain its position above 19,500. This downward movement caused the index to fall below the 21EMA on the hourly chart, indicating a growing bearish sentiment in the market.
Wall Street's major indexes closed lower on Friday as investors grappled with a disappointing U.S. jobs report and awaited forthcoming economic data and corporate earnings. Meanwhile, Asia-Pacific markets mostly saw gains in anticipation of key inflation reports this week, including the U.S. consumer price index on Wednesday and the producer price index on Thursday.
The weakening of the dollar against the Euro and pound is expected to bring cross-currency tailwinds, which may bolster the reported revenues of IT service companies, offering a slight boost to the dollar.
