The market condition is a 'SELL' on rallies. Nifty needs to move above 14,950-15,000 for the market to move higher, says an expert
As many as 193 stocks on the BSE hit upper circuit despite weakness in the market
Sensex was nosedived 1,707 points or 3.44% at 47,883, and the Nifty tanked 524 points or 3.53% at 14,310.
The benchmark BSE Sensex traded 1,155 points, or 2.33%, down at 48,436.
Bloodbath in the broader market was even worse as BSE MidCap and BSE SmallCap indices tumbling 4.79% and 4.17%, respectively.
Management commentary, order book and growth guidance are key to note before investing in particular companies ahead of earnings
What we need is a strong close in Nifty above 14950-15000 for the rally to continue. A break above 15000 should propel Nifty higher to 15300 and above
The Dollar Index, which measures the U.S. currency against a basket of six peers, will also be closely watched
Even though the monetary policy missed aggressiveness, there was not much the RBI could do considering the current economic environment
Equity indices snapped a three-day winning streak amid rising COVID-19 cases and a shortage of vaccines and medicines. The 30-share index Sensex ended