Excessive volatility is likely to continue for a few more days until clarity emerges from the crucial US Fed meeting. The market is discounting a hawkish Fed, analysts said
Indian markets mirrored global sell-off after the US Federal Reserve's minutes indicate sooner and faster-than-expected rate hikes
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The BSE Midcap and Smallcap indices were up around 1.5 per cent each. Metal, IT, Consumer Durables indices logged smart gains
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Analysts expect the downtrend to be arrested soon and steep correction will lead to value buying at lower levels
The broader indices, however, outperformed the key benchmark indices. The BSE Midcap index ended flat, while Smallcap index was up 0.3 per cent
Debutant Latent View Analytics ended with a gain of 147.5 per cent. Overall market breadth was extremely positive
The broader markets ended with deeper cuts compared to the benchmark indices. The BSE Midcap and Smallcap indices were down 2.5 per cent and 2.9 per cent, respectively
The founder & managing director of Valentis Advisors says the firm expect a time-wise, as well as price correction, so that the market can absorb the gains made over the past 17 months
'Earnings racing off a cliff have some upside risk and low-interest rates will support relatively high valuations'
The key risk to markets would be more domestic in nature due to the second Covid wave, which may impact the pace of economic recovery, Sampath Reddy, CIO, Bajaj Allianz Life Insurance said
The next support for the Nifty Bank index is at 30,000. Any breach of the same may result in a bearish trend towards 28,000-mark
The market breadth was in favour of the bears with the advance-decline ratio at nearly 1:2
Tumbles 2.3% in fifth straight day of loss amid rise in bond yields, Covid cases
Most global stocks dropped, with investors pruning their bullish bets as rising Covid-19 cases sparked concerns about corporate earnings and economic revival
The S&P BSE Sensex plunged 1,172 points in the intra-day deals on the BSE, while Nifty50 index tanked 342 points on the NSE
The S&P BSE Sensex fell 812 points by close to 38,034 levels while the NSE's Nifty slipped below the crucial 11,300-mark, down 254 points, or 2.2 per cent, to end the session at 11,251 levels.
Mid-and-small-cap stocks have seen a significant impact in this correction and the fall is giving a good opportunity to add good quality mid-and-small-cap stocks in our schemes, says Patil.
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