Stock market today: The Nifty MidCap100 index and the Nifty SmallCap100 index have declined 8.8 per cent and 6.9 per cent, respectively, from their respective all-time highs
Charts suggests that the Sensex could slide down to 72,000 levels, in the worst-case scenario, wiping out all the gains made thus far in calendar year 2024 (CY24).
Many quality small- and medium-cap stocks have become appealing buys, and the medium-to-long-term outlook remains robust due to economic factors, said G Chokkalingam of Equinomics Research.
Stock market crash: The benchmarks have clocked their fourth straight weekly losing streak, the longest since August 2023
IndusInd Bank on Friday logged its biggest intra-day fall since March 2020; technically the stock has given a fresh downside breakout on multiple time-frames.
If the Nifty is unable to sustain above 24,500 levels, technically it can then slip to its 200-DMA placed at 23,365 levels, charts suggest.
A weekly close below 24,400 shall indicate a significant change in the medium-term trend to bearish, with a risk of sustained fall to near about 23,000 levels on the Nifty 50 index; suggest chart.
Cochin Shipyard, Garden Reach Shipbuilders & Engineers and Mazagon Dock Shipbuilders have corrected up to 51% from their respective 52-week highs touched in July 2024.
Reliance could seek support around its 100-WMA in the run-up to the bonus record date; Whereas, PNC Infratech too has witnessed a 'Death Cross' and could slide another 21% from here on.
The developments come at a time when the markets are already grappling with geopolitical developments in West Asia and the uncertainty surrounding the outcome of the US presidential polls
Tech charts show that RVNL, IRCTC, IRFC, RailTel and Texmaco Rail were trading below long-term moving averages on the daily scale; however, select stocks were seen seeking support on the weekly scale.
Investors are switching to sectors with strong earnings visibility. We have changed our portfolio towards high allocation to large-cap, says Nimesh Chandan, CIO, Bajaj Finserv Asset Management
Last week, HSBC Global Research initiated coverage on Bajaj Housing Finance with 'Reduce' rating and a target price of Rs 110 per share.
Stock market today: Events such as a war do present a buying opportunity for long-term investors, analysts said
Stock market crash: The BSE benchmark has tumbled nearly 3,500 points from its record high level of 85,978 level, touched on September 27, 2024
Share Market Crash Highlights, Oct 3: MidCap, SmallCap indices closed up to 2.2 per cent lower. Fear gauge, India VIX, soared 9.4 per cent today
Time be cautious? In the past, the NSE Nifty 50 index has plunged as much 65% from its high after the monthly RSI peaked above the 80-mark. At present, Nifty monthly RSI stands near 83.
Nifty trend in 2024: The NSE benchmark has corrected as and when the difference between the spot Nifty and its 200-DMA expanded beyond the 13%-mark. Here's all you need to know.
The PSU Bank index had zoomed 200% to a high of 8,053 after breaking above its 200-DMA in July 2022. At present, most PSU Bank stocks, barring SBI, are trading below this long-term moving average.
Trading strategies for overbought stocks: Minda Corp, Allcargo Logistics, Vijaya Diagnostic, CDSL and ICICI Lombard General Insurance are trading in overbought territory with a RSI reading of above 70