Profit-Taking Hits Borsa Istanbul: BIST 100 Index Drops to 14,227 Points

Profit-Taking Impacts BIST 100 Index The BIST 100 index at Borsa Istanbul closed the day at 14,227.29 points, a decrease of 112.01 points compared to the previous close.
The total trading volume at the end of the day was recorded at 198.7 billion lira.
Sectoral Performance and Index Data Divergence was observed among sector indices.
While the banking index lost 0.83%, the holding index recorded an increase of 0.54%.
The financial leasing and factoring sector was the top gainer of the day with a 7.60% rise, whereas the basic metal industry was the biggest loser, dropping 1.89%.
Global Markets Monitor Nuclear Diplomacy Global markets focused on nuclear negotiations between the United States and Iran.
The second round of talks, conducted through Omani mediation in Geneva, Switzerland, has concluded.
It was reported that the parties reached a consensus on certain issues and that negotiations will continue in the coming days.
Rise in Housing and Rental Prices Continues According to data released by the Central Bank of the Republic of Türkiye (CBRT), the Residential Property Price Index (RPPI) increased by 3.7% monthly and 27.7% annually in January.
Meanwhile, the New Tenant Rent Index (NTRI) rose by 3.5% monthly, with a nominal annual increase of 34.2% and a real increase of 2.7% during the same period.
Market Expectations and Technical Levels Analysts indicate that, from a technical perspective, 14,100 and 14,000 points serve as support levels for the BIST 100 index, while 14,300 and 14,400 points act as resistance.
Tomorrow, domestic unemployment rates and private sector external debt data will be monitored.
Internationally, UK inflation data and the minutes from the U.S.
Federal Open Market Committee (FOMC) meeting will be decisive for market direction.