Dow Jones and Sensex: A Rollercoaster Ride on August 17, 2024 – What You Need to Know

 It becomes clear that the market has always its share of surprises and today was not an exception as well. In its trading session on the 17 th August 2024, both the DJIA and the BSE Sensitivity index instigate unusual movements uneasy to investors

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**Dow Jones Industrial Average** 

was shocked with a decline that saw it lose 1. 2%. This move was mainly due to softer economic numbers from the U. S. labour market indicators, that were not as robust as anticipated. For investors, 

such a fall is a call to the fact of the potential volatility of the market, this is especially true when indicators of the economy give unexpected results. 

On the other side of the globe, the **BSE Sensex** 

showed resilience, climbing 0.8% because of better than expected earnings by a lot of big Indian IT players including Infosys and TCS. This growth exhibit robust and unyielding period of India's economy,

at times of even unstable global markets.

 Similar to the 'Nifty 50' index depicted below, the general trend was also positive and the index closed at 0. Higher, by 5% due to improvement of investors confidence with a decline in the inflation rates in India


**Overseas markets** 


today were mixed. European indices were lower, mainly on concerns over the Euro area but Asian markets ended higher led by upbeat industrial output data from China


For those willing to risk for an extra buck, **tech stocks*

such as Infosys, TCS, Wipro among others are favorites now because they stand to deliver in the near term. Furthermore it is also good to look into healthcare stocks because the improving medical technologies in the recent past. 


Finally, as always it is critical to remain cautious and to observe the further fluctuations of the market in the subsequent days as there is a number of central bank meetings planned and the situation in geopolitics remains rather tense. 


Be updated and watch the market keenly to be in a position to make the right investment as required.

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