• हिन्दी
  • ગુજરાતી
  • বাংলা
  • తెలుగు
  • मराठी
  • ಕನ್ನಡ
  • money9
  • Insurance
  • Saving
  • Mutual Funds
  • Mirae Asset MF
  • Breaking Briefs
downloadDownload The App
Close
  • Home
  • Videos
  • Podcast
  • Banking
  • Bulletin
  • Gold
  • Healthcare
  • Real Estate
  • Tax
  • Travel
  • Survey 2023
  • Survey Report
  • Breaking Briefs
  • Insurance
  • Savings
  • Loan
  • Crypto
  • Investment
  • Mutual Funds
  • Real Estate
  • Tax
  • Exclusive
  • Home / Markets }
Markets

Today’s dip is a volatile move ahead of expiry and not indicative of deeper correction: Rahul Shah, MOFSL

This has been the best month in terms of Nifty gains in the last 3-4 series and after that we are seeing slight corrections

  • Sakshi Batra
  • Last Updated : September 28, 2021, 14:13 IST
  • Follow

Benchmark share indices Sensex and Nifty tanked on Tuesday afternoon dragged by losses in financial and IT stocks. Real estate stocks, which had surged over 21% last week suffered sharp losses with the Nifty Realty index falling nearly 4%. Broader markets also fell in afternoon deals, with the midcap and Smallcap indices down around 0.7% each.

“This has been the best month in terms of Nifty gains in the last 3-4 series and after that we are seeing slight corrections. See today’s dip as a fall ahead of the expiry and not a sign of a major correction being anticipated in the markets and in most of the pickets which have seen a sharp run up like the IT sectors, some declines pharma and consumption pack”, he said.

He believes the stock markets will still outperform going forward and one should not worry about the current volatile moves.

Stock Recommendations

SBI | Buy | Target: 550 | Duration: 6 months

Max Financial Services | Buy | Target: 1250 | Duration: 6 months

  • Follow

Benchmark share indices Sensex and Nifty tanked on Tuesday afternoon dragged by losses in financial and IT stocks. Real estate stocks, which had surged over 21% last week suffered sharp losses with the Nifty Realty index falling nearly 4%. Broader markets also fell in afternoon deals, with the midcap and Smallcap indices down around 0.7% each.

“This has been the best month in terms of Nifty gains in the last 3-4 series and after that we are seeing slight corrections. See today’s dip as a fall ahead of the expiry and not a sign of a major correction being anticipated in the markets and in most of the pickets which have seen a sharp run up like the IT sectors, some declines pharma and consumption pack”, he said.

He believes the stock markets will still outperform going forward and one should not worry about the current volatile moves.

Stock Recommendations

SBI | Buy | Target: 550 | Duration: 6 months

Max Financial Services | Buy | Target: 1250 | Duration: 6 months

Published: September 28, 2021, 14:13 IST

Download Money9 App for the latest updates on Personal Finance.

  • Market Outlook
  • Motilal Oswal
  • nifty ouitlook

Related

  • What should be your strategy in shares of two-wheeler companies?
  • Sensex tumbles 677 points, Nifty ends at 17,671; PSU banks rally
  • Will markets see a deeper correction?
  • Sensex slips 207 points, Nifty ends at 18,211; metals, private banks drag
  • 18,000 will be the crucial support for Nifty: Likhita Chepa
  • Financials will lead the next leg of the rally: Nilesh Jain

Latest

  • 1. Know the correct way to get KYC done!
  • 2. Why health insurance claim gets rejected?
  • 3. Power to Respond!
  • 4. What is Asset Under Management?
  • 5. No Worries on Medical Expenses!
  • Trending Stories

  • टाटा समूह के चेयरमैन ने 1.25 अरब पाउंड की हरित इस्पात परियोजना का किया शिलान्यास
  • रिलायंस ने नेपाल में पेश किया ‘कैम्पा’ ब्रांड
  • एचसीएल टेक का जून तिमाही का शुद्ध लाभ 9.7 प्रतिशत गिरा, राजस्व 8.1 प्रतिशत बढ़ा
  • ट्रैवल फूड सर्विसेज का शेयर पहले दिन के कारोबार में दो प्रतिशत से अधिक टूटा
  • आयकर रिफंड में 2013-14 से 474 प्रतिशत की वृद्धि, पिछले 11 वर्षों में जारी करने का समय हुआ बेहतर
  • TV9 Sites

  • TV9 Hindi
  • TV9Telugu.com
  • TV9 Marathi
  • TV9 Gujarati
  • TV9 Kannada
  • TV9 Bangla
  • News9 Live
  • Trends9
  • Tv9tamilnews
  • Assamtv9
  • Malayalamtv9
  • Money9 Sites

  • Money9 Hindi
  • Money9 English
  • Money9 Marathi
  • Money9 Telugu
  • Money9 Gujarati
  • Money9 Kannada
  • Money9 Bangla
  • Money9live
  • Topics

  • Insurance
  • Savings
  • Loan
  • Stocks
  • Mutual Funds
  • Real Estate
  • Tax
  • Crypto
  • Exclusive
  • Follow us

  • FaceBook
  • Twitter
  • Youtube
  • Instagram
  • Linkedin
  • Download App

  • play_store
  • App_store
  • Contact Us
  • About Us
  • Advertise With Us
  • Privacy & Cookies Notice
  • Complaint Redressal
  • Copyright © 2025 Money9. All rights reserved.
  • share
  • Facebook
  • Twitter
  • Whatsapp
  • LinkedIn
  • Telegram
close