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The stock market once again signaled a bearish trend during Thursday’s trading session, reinforcing the "sell on rise" strategy that has been dominating market sentiment.
Market Performance on Thursday
- The market opened strong, showing sharp gains in the morning.
- However, by afternoon, the rally lost momentum, and the bears took control.
- In the last half-hour of trading, the decline accelerated, pushing the market into the red zone.
This reversal of early gains highlights the prevailing downtrend, with traders booking profits at higher levels rather than holding onto positions.
