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