Mumbai, 15 February (IANS). The Nifty and the Sensex faced resistance at high levels this week, causing profits, as global macro uncertainty and mixed income kept investors alert. Experts say that the direction of the market will later depend on global trade development, income results and sectoral momentum.
During the last week, there was a major decline in all indices in Indian equity markets. The Nifty 50 index has fallen nearly 4 percent from February 5, now from September 2024, its record is about 13 percent below high levels.
The broader market has also seen a lot of pressure, the Nifty Midcap 100 index has fallen by 2.5 percent and the Nifty Smallcap 100 index has fallen by about 3 percent.
The smallcap index has entered the recession, which is trading below 20 percent below its peak in December 2024.
Krishna Appala of Capitalmind Research said that this decline is stems from concerns about American tariff policies and slow corporate income, especially small-scale selling in small-cap stocks.
The Indian stock markets continued to fall in the eighth consecutive season on Friday. On Closing Bell, the Sensex fell nearly 200 points to close at 75,939, while the Nifty fell 102 points or 0.55 percent to close at 22,929.
According to experts, market fluctuations are a constant feature, but it also produces opportunity.
Instead of giving a charitable response to short-term fluctuations, investors should focus on strong businesses with long-term growth and structural compatibility.
The market offers a set of its challenges, but select opportunities are emerging. However, macroeconomic compatibility remains intact.
Recently, consumption and savings are expected to be supported by the quarters coming from income tax relief and RBI rates.
Appala said that although the valuation is still not cheap, it has softened, causing select opportunities for investors.
Osho Krishnan of Angel One said that a ray of hope was seen in the middle of the week, as the benchmark indices attempted stability near an important psychological range.
However, this optimism was short -lived, as the final session of the week underlined the spirit of the recession in the market.
Krishnan said, “We swing the price action and sees both the lower limits of the ‘Flying Wage’ pattern, it shows the feeling of recession in the market. In the absence of major domestic triggers, global development of our market The direction is likely to give more speed in determining. “
Vineet Bolinjkar, head of research head of Ventura Securities, stated that a selective approach to focus on fundamentally strong businesses amidst the instability of near -term is appropriate.
-IANS
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