The S&P BSE Sensex
plunged over 730 points from all-time high of 30,024.74 on Thursday. This,
despite a surprise rate cut by the Reserve Bank of India. All the sectoral
indices, barring healthcare, are in the red with oil & gas and
rate-sensitive sectors leading the fall.
The Sensex ended the day at 29,380.73; down 213.00 points. The Nifty closed the day at 8,922.65; down 73.6 points.
While it's still on the move, here are three factors that could have triggered this sharp fall.
Profit booking: Nifty has been on an uptrend trajectory for the past four sessions. It rallied 5 per cent from 8,683.85 on February 26 to an all-time high of 9119.20 in trade today. According to analysts, it ran up sharply in a short period of time and some profit booking was anticipated.
MONEY CAPITALHEIGHT RESEARCH INVESTMENT ADVISERS PVT. LTD. is an ISO 9001-2011 Registered Company. We are a leading Research Company, having a strong hold in providing most authentic and accurate stock tips, equity tips and commodity market tips For More Info and Free Trials @ www.capitalheight.com or call at 0731-6615050, 9993066624.
The Sensex ended the day at 29,380.73; down 213.00 points. The Nifty closed the day at 8,922.65; down 73.6 points.
While it's still on the move, here are three factors that could have triggered this sharp fall.
Profit booking: Nifty has been on an uptrend trajectory for the past four sessions. It rallied 5 per cent from 8,683.85 on February 26 to an all-time high of 9119.20 in trade today. According to analysts, it ran up sharply in a short period of time and some profit booking was anticipated.
MONEY CAPITALHEIGHT RESEARCH INVESTMENT ADVISERS PVT. LTD. is an ISO 9001-2011 Registered Company. We are a leading Research Company, having a strong hold in providing most authentic and accurate stock tips, equity tips and commodity market tips For More Info and Free Trials @ www.capitalheight.com or call at 0731-6615050, 9993066624.
No comments:
Post a Comment