The stock market started the day with a decline

BIST 100 index at Borsa Istanbul, which followed a buying-oriented trend yesterday, closed the day at 12,250.68 points, gaining 0.82 percent in value.

The index dropped to 12,231.97 points at the opening today, with a decrease of 18.71 points and 0.15 percent compared to the previous closing. The banking index lost 0.17 percent and the holding index lost 0.45 percent.

Among the sector indices, the highest gain was forest paper printing with 1.01 percent, and the biggest decrease was financial leasing factoring with 4.87 percent.

While the search for direction in global markets comes to the fore with fluctuations in the stocks of technology companies, rising oil prices and mixed signals from the balance sheets announced by banks in the USA, all eyes are on the inflation data to be announced in the USA today.

Fatih Karahan, Governor of the Central Bank of the Republic of Turkey (CBRT), made a presentation titled "Macroeconomic Outlook and Monetary Policy in Türkiye" at the annual meetings organized by the International Monetary Fund (IMF) and the World Bank in Bangkok, the capital of Thailand.

Karahan pointed out that although energy prices remain at high levels, core inflation has slowed down. While Karahan stated that the preference for the Turkish lira remains strong under the tight monetary policy, he stated that the fund outflows did not significantly weaken the residents' preference for Turkish lira assets.

Analysts stated that the data agenda in the country is calm today, and that the data agenda abroad, especially inflation in the USA and the Beige Book report of the US Federal Reserve (Fed), will be followed. They noted that technically, 12,100 and 12,000 points in the BIST 100 index are support, and 12,400 and 12,500 points are resistance.