The near-term trend of the index remains positive, but with a crucial hurdle around the 23,300 level, there is a high chance of a short-term downward correction. Immediate support is at the 23,100 level, according to Nagaraj Shetti of HDFC Securities.
In the five trading sessions prior to March 7, the Sensex rose by around 1.5%, or 1,134 points, closing at 74,333. The market ended on
FPIs have been selling off Indian equities in March, with outflows totalling Rs 24,753 crore as of March 7. The trend has slowed slightly, but
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