2025-04-25 03:24:41 pm | Source: SMC Global Securi
Quote on the market fall today by Ajay Garg, CEO, SMC Global Securities
Below the Quote on the market fall today by Ajay Garg, CEO, SMC Global Securities
Despite Nifty opening at a higher level on Friday, the geopolitical tensions with the neighbouring nation have dropped the index by more than 1%. In the last few days, Nifty has also revived to 24,000 points with the FII buying, banking stocks rally, and expectations of a positive outcome from US-India trade talks. Along with the geopolitical tensions, the profit booking by the investors is also adding to today’s market drop. India VIX has also surged by over 5% on Friday, signalling higher market volatility and investors’ cautious outlook. Both Nifty Midcap 100 and Nifty Smallcap 100 are trading in the red zone, signalling broader sell-off in the market, cooling down of valuations and muted March quarterly earnings.
However, the FII took the net buying position of Rs.8,250 crores on Thursday in the Indian market. Today, the rupee opened 8 paise stronger at Rs.85.19 after closing at Rs.85.27 against the US dollar on Thursday. Following these positive cues and Asian markets rally due to the expectation of easing tariffs on China, the Indian market can also revive soon. In this current falling scenario, the high-risk investors can consider the “buying the dip” strategy to profit from the potential market gains.
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