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- After The Bell: Sensex, Nifty lose over 1% each, what should investors do on Friday?
The index has formed a good base near the 13,800-13,700 zone and if it manages to hold the level, we may see a swift pullback towards 13,900-14,000, which is the immediate hurdle.
Technology helps investors in making rational, unemotional, and almost ruthless decisions as far as what retail investors should be buying, says Agarrwal of Upside AI.
The SP BSE Sensex has broken below 47,000 levels, a fall of about 4,000 points from the high of 50,184 recorded on January 21. The Nifty50 has also fallen by about 1000 points from the high of 14,753. The SP BSE Sensex has broken below 47,000 levels, a fall of about 4,000 points from the high of 50,184 recorded on January 21. The Nifty50 has also fallen by about 1000 points from the high of 14,753.
Small midcaps captured the limelight after two straight years of underperformance, and if we look at the PMS schemes which outperformed the index are mostly from the broader market space. smallcases are model portfolios of stocks/ETFs based on a theme, idea or strategy. It is a modern investment instrument for investors to build long-term diversified portfolios.
Spending by Consumers and Businesses (capex) could be given a boost to kickstart quick recovery.
Stocks in focus included Chennai Petro which plunged by 20 percent and LT Technology Services which rose by about 6 percent.
As long as Nifty remains below 14200 zones, a bounce could be sold and weakness may be seen towards 13800 levels while on the upside key hurdle exists at 14200 and 14350 levels. GDP numbers suggest that we are in a technical recession but things could reverse very quickly without giving much time or opportunity for investors to react.Tags : MoneyControl, Money Control, MoneyControl india business news, money control stock markets, moneycontrol market outlook, moneycontrol finance news
