Page 4 - தலை ஆஃப் ஆராய்ச்சி இல் ஜியோஜித் நிதி News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Sensex reclaims 46,000, Nifty crosses 13,400; have bulls made a swift comeback on Dalal Street?
financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
The stock markets have already taken note of the pace of recovery.
With Europe witnessing a fresh wave of lockdowns after a new variant of the novel coronavirus surfaced in the United Kingdom, domestic stock markets on Monday witnessed a huge sell-off with the 30-stock benchmark BSE Sensex plummeting 1,407 points.
Joining the global rout, the Sensex fell three per cent to 45,533.96, its sharpest slide in seven months, and the NSE Nifty plunged 432 points to 13,328.40. All sectoral indices ended in the negative with PSU banks, media, metals, realty, auto, banks and pharma indices leading the downtrend.
The new variant of the coronavirus in the UK spooked markets and stocks witnessed intense selling throughout afternoon trade. “While the street was bracing for a correction this week after a sharp up move, the sheer velocity of the fall across broader markets took the bulls by surprise as practically none of the key indices constituents were in the green today,” said
After The Bell: Nifty Bounces Back! What Should Investors Do On Wednesday?
moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
Ahead of Market: 12 things that will decide stock action on Tuesday
SECTIONS
Share
Synopsis
Ajit Mishra, VP - Research at Religare Broking said, Nifty has tested the lower band of the prevailing rising broadening formation around 13,150 and its breakdown could trigger a further decline towards the 12,700-12,800 zone. In case of a rebound, the 13,400-13,600 zone would act as a hurdle.
iStock
We do not expect a big correction, but rather a consolidation in the short term, of not more than 7% to 10% in the main indices. Buying at dips can be considered as a strategy in the falling market, said Vinod Nair, Head of Research at Geojit Financial services.
New Covid-19 strain in UK headwind for markets: What next?
The market was already in an overbought position with huge foreign investment flows pushing up the Sensex to new peaks. The vulnerability of the market was high due to quick gains made in the ongoing rally leading to low margin of safety. Written by George Mathew , Sandeep Singh , Edited by Explained Desk | Mumbai, New Delhi | Updated: December 23, 2020 12:14:08 pm
The buoyancy continued for the second consecutive session as participants continued to give a thumbs up to the Union Budget.
Domestic stock markets which were going strong and hitting new peaks on a daily basis till last week took a heavy pounding on Monday with the Sensex plummeting 1,407 points, or three per cent, as a fresh wave of lockdowns were imposed across Europe and as the
vimarsana © 2020. All Rights Reserved.