Become a logicalchat Member

Latest Post

What are Your Biggest Financial Challenges for Canadians?

Canadians are known for their resilience, but there's no denying that our financial landscape is getting tougher. From rising inflation to staggering housing costs,...

Your story starts here. Sign up and let's connect in ways that truly matter!

HomeNewsIndian NewsSensex in the Red: Nifty's Fall Below 21,850 Echoes Market's Pervasive Selling...

Sensex in the Red: Nifty’s Fall Below 21,850 Echoes Market’s Pervasive Selling Trend.

Sensex

TCS, BPCL, Tata Consumer Products, Tata Consumer, and Nestle India were Nifty losers, while Bajaj Finance, Bajaj Auto, Kotak Mahindra Bank, Hindalco Industries, and Bharti Airtel gained.

On March 19, bears re-emerged, pushing the BSE Sensex into negative territory for 2024. The benchmark indices, the Nifty and Sensex, experienced intraday losses, with the Sensex down 736.37 points or 1.01 percent at 72,012.05 and the Nifty down 238.20 points or 1.08 percent at 21,817.50.

Sectors and stocks

Sectoral indices saw Healthcare, IT, FMCG, Capital Goods, Oil & Gas, and Power sectors down 1-2 percent. The biggest losers on the Nifty were TCS, BPCL, Tata Consumer Products, Tata Consumer, and Nestle India, while gainers included Bajaj Finance, Bajaj Auto, Kotak Mahindra Bank, Hindalco Industries, and Bharti Airtel.

BSE Midcap and Smallcap indices experienced a 1% drop, while Indus Towers, Exide Industries, and Zee Entertainment experienced a volume spike of over 300 percent. Colgate Palmolive, Gujarat Gas, and TCS experienced short build-ups, while Bajaj Auto, Jubilant FoodWorks, and TVS Motor Company experienced long build-ups.

March 19 Forecast

The Frontline Index experienced a decline in early trade due to selling in IT counters and heavyweights, causing it to trade lower and end the session at 21,817.45 with a loss of 238.25 points. All sectors ended the day in red, with IT and Media being major laggards. Mid and Smallcaps moved in tandem with the Index. After violating its immediate support of 21,900, the Index is about to form an advanced harmonic pattern known as a Bullish Cypher at 21,740. Post pattern reversal confirmation, targets of 22,000 and 22,200 are expected.

FII Bought 1,421.48 Cr
DII Bought 7449.48 Cr
as per last trading session

Indian Market Stocks

Sensex-736.37-1.01%72,012.05
Nifty 50-238.25-1.08%21,817.45
Nifty Bank-191.10-0.41%46,384.80
as per closing Bell

Market Movers

Bajaj Auto118.40 1.39%BPCL-24.60 -4.22%
Bajaj Finance78.40 1.21%TCS-175.20 -4.22%
Kotak Mahindra11.75 0.68%Cipla-52.75 -3.54%
Eicher Motors17.15 0.46%TATA Cons. Prod-40.70 -3.43%
Bajaj Finserv4.45 0.28%Britannia-163.05 -3.27%
as per closing Bell

Must read book about investing – check here

Sensex Sensex Sensex

Sensex After four weeks of increases, Sensex and Nifty fell 2% for the first time After four weeks of increases, Sensex and Nifty fell 2% for the first time

The Nifty has experienced a decline, closing the day around 160 points lower. The daily charts show no follow-through buying interest after a breakout, and selling pressure at higher levels could lead to a slipping back into the consolidation zone. The Bollinger bands are contracting, indicating a range contraction. The Bank Nifty has not maintained positive momentum, and it could slip towards the 46900-46800 range. The overall trend is bullish, with an intermediate corrective phase in progress. Short-term weakness could lead to a decline towards the 22200-22250 range.

The Nifty has experienced a decline, closing the day around 160 points lower. The daily charts show no follow-through buying interest after a breakout, and selling pressure at higher levels could lead to a slipping back into the consolidation zone. The Bollinger bands are contracting, indicating a range contraction. The Bank Nifty has not maintained positive momentum, and it could slip towards the 46900-46800 range. The overall trend is bullish, with an intermediate corrective phase in progress. Short-term weakness could lead to a decline towards the 22200-22250 range.

Red Alert Red Alert Red Alert Red Alert Red Alert Red Alert Red Alert Red Alert

Record High Record High Record High Record High Record High Record HighrRRecord HighRecord Highecord Highockets

Market Rally Halts Market Rally Halts Market Rally Halts Market Rally Halts

stor Alarm

Related Post