Tag: automatic savings

The market witnessed a few more minutes of price suppression at the start of the afternoon session before bottom-fishers stepped in. The breadth changed slowly, but the indices climbed quickly, indicating that large-cap stocks were leading the charge. As the momentum spread, hundreds of stocks surged past reference levels, and hundreds of others narrowed their losses significantly. The market staged a strong signaling session around the 1200-point mark.

The sharp declines in the last two sessions of the past week have significantly dampened market sentiment, with experts also being cautious when referring to the "bottom" of this correction phase.

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