Global stock traders face dip-buying dilemma after crushing sell-off
A selloff that rocked equity markets around the world is clouding the outlook for investors looking to buy stocks on the cheap, as worries over the U.S. economy and disappointing tech earnings threaten more losses ahead.
Zomato shares may rally up to Rs 292 in near term: Anand James
“The index biggies, ICICI Bank, SBI, Axis Bank, and Kotak Bank which together form around 57% of the index, look weak in weekly charts with weekly MACD signals a break seen in SBI and Axis.”
80% equity mutual funds gave negative returns last week, losing up to 8%
Out of approximately 506 schemes, including equity and sectoral/thematic mutual funds, 404 experienced negative returns.
F&O Talk: Healthy correction on cards for Nifty, paving way for next upmove, says Sudeep Shah of SBI Securities
On Friday, the Nifty gapped down and closed 293 points lower after hitting a new all-time high, ending at 24,717.70, a 1.2% decline. The Bank Nifty also underperformed, closing 214 points lower at 51,350.15, or 0.41% down.