Post market comment by Mr Shrey Jain, Founder and CEO SAS Online

2024-05-06 04:51:34 pm | Source: PR Agency

Post market comment by Mr Shrey Jain, Founder and CEO SAS Online - India's Deep Discount Broker

News By Tags | #Sensex #ExpertViews #MarketOutlook #Nifty #BankNifty #ShreyJain #SASOnline

Below the Quote on Post-market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India's Deep Discount Broker

In Friday's trading, both Sensex and Nifty dropped significantly, with Sensex falling by 732 points to 73,878 and Nifty by 172 points to 22,475. The overall market sentiment was bearish, with losses spreading across multiple sectors such as capital goods, banking, and auto industries. The market downturn could be due to lackluster Q4 earnings and reports of foreign investors selling off stocks like HDFC Bank and ITC.

Traders are advised caution, keeping an eye on geopolitical events. Nifty is expected to trade within a certain range, but staying above 22,200 points is crucial for a positive market outlook.

Above views are of the author and not of the website kindly read disclaimer

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here

IGI Logo

Post market comment by Mr Shrey Jain, Founder and CEO SAS Online - India's Deep Discount Broker

Top News

Tag News

More News