123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Investing---Finance >> View Article

As Nifty Continues To Decline, What Does The Future Have In Store?

Profile Picture
By Author: Marketsmith India
Total Articles: 35
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

Today’s Action

Nifty, -2.4%; Sensex, -2%; Nifty Midcap, -4.3%; Nifty Smallcap, -5.5%; Model Portfolio, 0%

Daily Market Review

Market Pulse: Downtrend

Nifty, after a gap down opening, traded toward the day's high of 8,575. However, it succumbed to selling pressure in the last hour of trading and erased its gains to close below 8,300. About 80% of Nifty50 stocks closed in the red.

All the sectoral indices closed in the red. Nifty Auto and Nifty Metal declined more than 5%, while Nifty Realty and Nifty Media declined 4–5%. Advance-Decline ratio was highly skewed toward decliners. Of 2,124 stocks traded, 411 advanced, 1,438 declined, and the remaining traded flat.

Today, Nifty breached its yesterday’s low and made a new low of 7,832.5. So, today’s action cannot be qualified as the Day 1 of a rally attempt.

We continue to suggest a cautious approach until the general market conditions improve. Most of the stocks continue to take on technical damage with many moving deeper into their respective bases and breaking below logical levels of support. Without trying to predict and ...
... decode stories, we will take what the market gives us and continue to monitor unfolding conditions. We will continue to monitor quality ideas with rising relative strength lines and superior fundamentals that could be set up to buy when and if the market begins to stabilize.

Key News

Kotak Mahindra Bank(Nse) (+3.3%): Kotak Mahindra Bank and one of its wholly-owned subsidiaries have together sold 20% stake in ECA Trading Services Limited, for a cash consideration of Rs 1.67 crore for Kotak Mahindra Bank and Rs 2.27 crore for Kotak Mahindra Prime.

Spicejet(-9.9%): Today, the company announced a temporary suspension of the majority of its international operations from March 21 till April 30.

Continue reading with a MarketSmith India Premium subscription…

To Read Detailed Reports including Stock Recommendations, Idea Lists, Evaluate Stocks etc. Subscribe to MarketSmith India

Disclaimer: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. It is for educational purposes only.

More About the Author

Investment advisory product based on William O’Neil’s CAN SLIM method with model portfolio, pattern recognition, idea lists powered by institutional quality data

Total Views: 401Word Count: 324See All articles From Author

Add Comment

Investing / Finance Articles

1. The Rise Of Investment Banking Companies In Hyderabad’s Financial Scene
Author: Verity knowladge solutions

2. Globe Civil Projects Ipo Gmp 2025 | Price Band ₹67–71, Dates & Gmp ₹0
Author: finowings

3. Investing Ira Gold, California: Gold Ira Investment
Author: Gold and Silver Investment News

4. Expert Accounting Services In South Auckland: Supporting Growth In Manukau And Beyond
Author: WhizBiz

5. A Short Guide To Turn Your Pension Into An Annuity In The Uk
Author: Finance Advisor

6. Globe Civil Projects Ipo: Key Dates, Price Band & Gmp
Author: finowings

7. Why Hyderabad Is The Best City For First-time Homebuyers In 2025
Author: anilsinhaanni

8. Top Crypto Security Trends In 2025: What Every Investor Must Know?
Author: Xiaou Princess

9. Term Loan Vs Line Of Credit: What Hyderabad Businesses Should Know
Author: anilsinhaanni

10. How A Certificate Course In Retail Can Open Doors To High-paying Jobs
Author: sandeep

11. Leveraging Technology: How Virtual Cfos Utilize Tools For Financial Analytics
Author: Dipanjan Das

12. Top Features To Look For In A Stock Trading Platform
Author: Aman Kumar

13. Top Trade Credit Finance Solution Providers: A Substantial Guide For Businesses
Author: Merchant

14. Top Benefits Of Investing In Property Through Your Super In Australia
Author: Rick Lopez

15. The Effect Of Fee Structures On Investment Returns Over The Years
Author: Amit

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: