Stock Market Crash: Sensex fell 10 thousand points from maximum; What are the next? Ahead? Pika?
Stock market analysis: Indian stock exchange with weak international signals caused losses in the fourth consecutive season on Friday. The benchmark index and the Nifty 50 declined by more than 0.5 % on 21 February with heavy sales in auto, pharma, financial and FMCG stocks. 30 -Shair BSE Sensex fell 560 points to close at 75,175.97. Sensex has registered a decrease of 3,400 points or 4 percent in 12 sessions in the last 13 sessions.
Maximum to minimum ..
Sensex recorded a high of 85,978.25 points on September 27, 2024. Sensex has lost 12.5 percent from February 1, 10,802 points. This decline is due to large sales to provide opportunities in foreign institutional investors (FII) since October 2024. In addition, global geographical uncertainty, signs of domestic economic development, and weak corporate revenue have contributed to the decline.
Trump tariff worry
Recent warnings that US President Donald Trump will impose excessive tariffs on imports, has also created instability in global economic markets. “The impact of tariffs on auto and pharmaceuticals is very large. The market is negatively responding. Tariff is looking for opportunities in domestic consumers, threatening with tariffs, and then interacting on tariffs on American exports It has been a small tendency so that it is a small tendency.
Pay attention to China shares
FII has increased interest in Chinese stocks, especially cheap and smart recovery. Vijaykumar hopes that FII sales will continue in India. FII sales continue to tension on large cap. This is an opportunity for investors for a long time. The mid -caps selected in the defense sector are now in improvement. They are very valuable. Because they are not facing the threat of sale of FIIs, ”Vijaykumar said.
Gentle stock
Tata motors: Tata Motors’ share price shows the worst performance in shares on Sensex. In the last six months, stock has fallen by more than 36 percent. 52 -wheek traded at 43% below high.
Asian Paints: In the last six months, the share price of Asian Paints has fallen by more than 28 percent. Currently, it has exceeded 52 -Week high to 34 percent.
Adani Port and Sez: Stock of Adani Group has provided more than 25 percent negative returns in six months. And trading at a bottom of 32% for a maximum of 52 weeks.
Indus Industries Bank- The shares of these private banks have declined by 24.55% in the last six months. It recorded a decline of 52 -Veek high from 34%.
Power Grid Corporation of India: This PSU stock fell by 21% in the last six months. Currently 29%below 52 weeks.
Sensex Out look
Sensex on Friday crossed the important technical assistance level of 75,500, and the next major support has now appeared at 75,200. “If Sensex is below 75,200, it can open a negative target of 70,234, which is the lowest level of the day of Lok Sabha election results on June 4, 2024.” Jain said that Sensex can withstand 20 -day moving average (DMA) at 76,600. The decisive end at the top of this level will pave the way for the next target at a 50 -day moving average (DMA) at 77,490.
Reference: The above opinion and recommendations are individual analysts or broking companies. HT Telugu V We recommend investors to contact certified professionals before taking any investment decisions.
