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Sensex Drops 600 Points, Nifty Below 14,100; 5 Factors That Are Weighing On Market

Sensex drops 938 points, Nifty settles below 14,000; 5 factors that weighed on market Analysts point out that the market was ripe for some consolidation at the peak valuation. January 27, 2021 / 03:44 PM IST Extending their losing streak into the fourth consecutive session, Indian equity benchmarks ended with deep cuts on January 27, tracking weak global cues. Sensex opened lower and dropped 1,078 points in intraday trade. Nifty fell below 13,950 indicating that investors are taking money o...
Hemant Kanawala Nandish Shah Union Budget Kotak Mahindra Life Senior Derivatives Technical Analyst

Near-term gains in gold, silver limited amid dollar strength: Bhavik Patel

Gold market once again remained caught in a tug of war between expectations of an improving economy and rising inflation pressures as Joe Biden took office. Hopes of a massive stimulus bolstered the prospects for precious metals. Janet Yellen said that tax cut in 2017 for large corporation should be repelled, helping gold/silver to rally. Gold has resistance around $1,865 and needs to break that level for momentum to take it above $1,900. $1,820-$1,810 is the immediate support and we believe go...
Janet Yellen Joe Biden International Energy Agency Harami Candlestick Bhavik Patel Technical Analyst

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'Stay cautious,' say analysts as Sensex, Nifty suffer biggest fall in 4 weeks

Stay cautious, say analysts as Sensex, Nifty suffer biggest fall in 4 weeks Premium (REUTERS) Share Via Read Full Story Indian stock markets fell the most in nearly four weeks as investors booked profits after indexes hitting multiple record highs this week. The Nifty and the S&P BSE Sensex each fell over 1% to close at 14,433.70 and 49,034.67, respectively. This was the first major correction since December 21st, when markets fell over 3%. However, Nifty rose for a third straight week, while t...
United States Bharti Airtel Sneha Seth Deepak Jasani Manish Hathiramani Vinod Nair

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