Nearly 60% of the SmallCap stocks registered a sharper loss compared to the Nifty SmallCap 100 and SmallCap 250 indices, which were down around 24% each from their respective peaks.
Stock Market Crash: Nifty's immediate resistance is placed at 23,810, above which the bearish formation of 'Lower Top-Lower Bottom' gets negated
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.
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.
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.
Stock Market Highlights: Among the broader markets, the Nifty Midcap100 and Nifty Smallcap100 indices settled with losses of 0.26 per cent each
The Sensex surged 1.42 per cent (1,071.33 points) to 76,459.72, while the Nifty50 bounced 1.37 per cent (312.5 points) to 23,110.85, suggesting that some support is still present
Stock Market Crash: As per Nifty charts, a break below 22,970 could trigger another steep correction, exacerbating the selling momentum in India stock markets
Amid controversy over YouTuber Ranveer Allahabadia’s remark on parental intimacy, Mumbai Police visited his Versova residence.
From Donald Trump's tariff imposition to continued FII selling, here are key reasons for the market crash on February 11, 2025
Markets Today LIVE: Investors are likely to assess tariffs on steel and aluminium imports to the US, while keeping an eye on December quarter earnings and continued FII selling
In the previous two calendar years, Zen Technologies had zoomed over 200%; with a 207% surge in CY 2024 and 333% in CY 2023.
The stock hit a new low of Rs 339.45; fell 45% from its 52-week high of Rs 617 touched on December 23, 2024 and quoted 13% below its issue price of Rs 390 per share.
Analysts expect this painful phase for the small-cap stocks to continue for some more time, at least till the corporate earnings start to show signs of improvement.
Markets Today LIVE: Investors' focus will shift to third quarter earnings from companies amid muted sentiment in global markets amid threats of more tariff pain ahead
Stock Market Falling Today: Trump's tariff news, FII selling, sanguine RBI policy, and rupee at record low dented investor sentiment today
Shares of Carraro India hit a new low of Rs 352.85 as they slipped 19 per cent on the BSE in Monday's intra-day trade, extending its Friday's decline after the firm reported disappointing Q3 earnings.
Given the ongoing challenges in the Hi-Tech and TMT sectors ICICI Securities said they maintain a cautiously optimistic stance and said they monitor margin recovery in the coming quarters.
The Nifty Metal Index slumped 3.37 intraday on Monday, as heavy selling pressure dragged down key stocks across the sector