Union Budget to play vital role in deciding market direction, say experts
The market is likely to remain highly volatile amid Union Budget and the ongoing earning season, say experts. If the Budget fails to meet expectations, which are running high, markets can slide further. February 01, 2021 / 07:40 AM IST The market witnessed selling pressure for six consecutive sessions, with the benchmark indices losing over a percent each in the week gone by. The BSE Sensex slipped 2,592.77 points, or 5.3 percent, to end at 46,285.77 and the Nifty50 fell 737.3 points or 5 percent to finish at 13,634.60. Here is what experts have to say about the market for the coming week:
As the equity markets continued to face selling pressure for the sixth consecutive session on Friday, investor wealth tumbled by Rs 11,57,928.54 crore during this time. The 30-share BSE benchmark tanked 588.59 points or 1.26 per cent to finish at 46,285.77 on Friday. The benchmark index has been falling from January 21 onwards, taking the total loss to 3,506.35 points or 7.04 per cent. Following this, the market capitalisation of BSE-listed companies has seen an erosion of Rs 11,57,928.54 crore to Rs 1,86,12,644.03 crore during this time. Weakening global trend due to the concerns of speculation and slowing economic recovery has hugely impacted the cautious pre-budget domestic market, according to Vinod Nair, Head of Research at Geojit Financial Services.
Sensex loses 3,500 points in 6 days. Analysts turn wary of a quick rebound
A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai, India, August 24, 2015. REUTERS/Danish Siddiqui/Files
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Indian stock markets extended their losing streak to sixth straight day, with the BSE Sensex and Nifty falling over 1% today. The Sensex ended 588 points lower at 46,285 while the Nifty skidded 1.3% to 13,634. Both benchmark indices fluctuated between gains and losses in a highly volatile session before succumbing to strong selling pressure in late trade. In six days, Sensex has lost over 3,500 points.
Updated Jan 29, 2021 | 19:00 IST
The benchmark index has been falling from January 21 onwards, taking the total loss to 3,506.35 points or 7.04%. Investor wealth tumbles over Rs 11.57 lakh crore as markets tank for 6th day | Photo Credit: IANS
New Delhi: As the equity markets continued to face selling pressure for the sixth consecutive session on Friday, investor wealth tumbled by ₹11,57,928.54 crore during this time.
The 30-share BSE benchmark tanked 588.59 points or 1.26% to finish at 46,285.77 on Friday.
The benchmark index has been falling from January 21 onwards, taking the total loss to 3,506.35 points or 7.04%.
Following this, the market capitalisation of BSE-listed companies has seen an erosion of Rs 11,57,928.54 crore to Rs 1,86,12,644.03 crore during this time.
New Delhi: Investors' wealth eroded by more than Rs 8 lakh crore in four consecutive sessions of stock market loss. Recordings its fourth straight session