The last trading day of the week saw stiff competition between the Bulls and Bears. Nifty was seen trying to stay above 15300. However, Back Nifty is outperforming today. Over the whole week, Nifty slipped 2.5% and Bank Nifty slipped more than 5%. There was strong selling in the metals and IT sectors this week. Both sectors fell more than 8%. Tata Steel, Vedanta and Hindalco fell between 10 and 15%. At the same time, pressure was also seen on Reality, Energy and NBFC.
Looking at the global base, there is an outcry in markets around the world. There is panic in the markets following the recession. Thousands of millions of investors have been sunk. Know how bad the state of Indian markets is –
CNBC-Awaaz’s Sumit Mehrotra said that along with markets around the world, Indian markets are also seeing a decline. Indian markets hit year lows. Speaking of Nifty, he’s broken about 17% from his high. On the other hand, midcap and smallcap are also trading in the red. There was a sharp drop of 20-30% in midcap and smallcap.
Selling pressure in the market for the sixth consecutive day, know the range of Nifty and Bank Nifty and the good choices of Sharekhan Gaurav Ratnaparkhi
Sumit added that if we talk about stocks, these also fell sharply. There was a big drop in stocks, that is, a 30-40% drop. 25 Clever actions have slipped a lot from higher levels. These 25 stocks are currently trading at year lows.
In terms of market capitalization, Nifty’s market capitalization has also fallen sharply. Thousands of millions of shrewd investors have been destroyed in this recession. Calculating from the highest level of Nifty, so far Rs 25 lakh crore investors have been sunk. Whereas since the beginning of this year, i.e. 2022 till now, Rs 15.50 lakh crore of investors have been lost.
On the other hand, so far this year, FIIs seem to be angry with the Indian markets. Due to their anger, the crash in the markets also continues. Sumit said if we look at the numbers so far in 2022, so far FIIs have sold 2.52 lakh crores. If we look at its average on a monthly basis, then every month around Rs 50,000 crore has been sold by foreign investors in the Indian markets.
Looking at the indices, most indices have seen declines. Many indices are trading near the lows of the year. These indices are trading in the red mark. Bank Nifty, IT, Pharma, Metal and Realty are currently trading at year lows.
Yesterday Vakrangee, Welspun India, Ramco System, Bharat Gears and SIS posted strong growth in a weak market, do you know what the stock strategy is today?
Let us tell you that the reasons for the outcry in the Indian market are manifold. One of the reasons for this is the falling markets around the world. At the same time, sentiment is worsening due to inflation and rising interest rates. The noise of the global recession is also being heard in the markets. Apart from that, instead of investing, the sale of FII continues. While on the other hand the Crude warmed up and the Rupee softened.
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