There were 180 decliners compared with 83 gainers on the market for an overall weak market performance."With the Wall Street overnight ended negative, we opine that the investors may stay sidelines for the session.
"Upside potential might be capped by the elevating global risks such as China-Taiwan tension and heightened inflationary pressures environment. "However, traders are likely to position themselves selectively ahead of the August reporting month as foreign buying remains positive over the past few days," said Malacca Securities Research in a report.
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