The Nifty Realty index has plunged 29% from its peak, and is seen testing support at its 100-WMA for the first time since April 2023. Here are the key support levels to watch out for.
The Sensex, after declining by 645 points during the day, recovered to close at 75,997, marking a gain of 58 points, or 0.08 per cent, over Friday's close
The smallcap meltdown continues, raising concerns of a full-blown capitulation
In Q3FY25, the company's revenue from operations grew by 10.6 per cent year-on-year (Y-O-Y) to Rs 278.7 crore, up from Rs 252 crore reported in the same quarter of the previous fiscal year
Shares of Aegis Logistics, JK Lakshmic Cement, Mastek, Deepak Fertlisers and Karur Vysya Bank are looking weak on the technical charts; hence may witness a downward trend in the near-term.
The BSE Sensex has near key support at 75,150, below which a dip towards 74,400 seems likely. Technical chart shows the Nifty 50 index seems headed towards the 20-month moving average.
The NSE500 is up just 2.9 per cent and the midcaps have returned a meagre 2.5 per cent return in the same period, while the smallcaps are down 3.3 per cent
Some legal experts believe the case may indicate the need for a review of Sebi's takeover norms
The US FOMC (Federal Open Market Committee) meeting minutes will also be in focus this week
Donald Trump's reciprocal tariff plan on India and other countries coupled with persistent FII selling dragged the Sensex, Nifty lower for the eight straight trading session on Friday.
Analysts at Elara Capital analysed market breadth cycles in India stock markets in the last few years and highlighted the worrying points that are developing for the first time in five years.
India records the highest FPI equity sales among EMs
In January, 6.1 million account closures surpassed new registrations for the first time
Healthcare and life sciences are emerging as key sectors for private capital, with significant deal flow and exits
Stock prices aligned better with foreign portfolio investors (FPIs) than individual investors during the December quarter
However, recover over a per cent from the day's low thanks to a recovery in global markets
Analysts expect the markets to remain volatile in the immediate short-term in the backdrop of tepid corporate earnings, Rupee movement and Donald Trump's tariff threats.
The PE sector is expecting a higher number of deals this year, especially in financial services, IT and healthcare sectors
Technical chart suggest that Muthoot Finance, Manappuram Finance and IIFL may witness some downward pressure in the near-term, and dip up to 17%; check key levels to track here.
Foreign institutional investors open interest in Nifty futures has increased by 4.8% since the start of February series, while the total OI in Nifty Feb futures dipped by 1.1%; shows NSE F&O data.