Sensex, Nifty set for volatile session amid F&O expiry and global market declines
Expect volatility in domestic markets due to weak global cues, F&O expiry, and escalating tensions in West Asia.
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Expect volatility in domestic markets due to weak global cues, F&O expiry, and escalating tensions in West Asia.
Sensex and Nifty hit new peaks before crashing, with Nifty falling 446 pts and Sensex dropping 1,628 pts from their respective highs. Market experts view the correction as healthy and expect bullish momentum to continue. All sectors experienced significant losses with India VIX surging over 10%.
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Shilpa Rout recommends Coal India and SRF in the chemical sector. Nifty's key levels are 22,500 support and 22,800 resistance. Bank Nifty approaches the psychological barrier at 49,000. The Prabhudas Lilladher derivatives analysts further suggests that we should keep an eye on the energy sector as also Vedanta, NMDC and IDFC First Bank.