Markets May Continue To See A Downslide Next Week

Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    Markets may continue to fall next week as growth concerns mount in countries like China. This week the Nifty lost close to 2 and half per cent though the losses in developed markets like Europe and the US were far higher.

    Carnage in the markets was seen in metal stocks and banking. Metal stocks fell sharply as worries resurfaced on growth in China.

    Markets May Continue To See A Downslide Next Week
    Indices
     

    Select banking stocks saw a huge sell-off after payment banks were announced by the authorities. Stocks like Yes Bank and State Bank saw heavy selling pressure during the week.

    Oil exploration companies also saw sharp unwinding after crude oil plunged in trade. The carnage across the global markets was even worse.

    The S&P 500 slipped below the 2000 points mark, while most of the markets hit muti-month lows.

    Our own markets saw the Sensex hit a 2-month low. Several blue chip stocks like Tata Motors, NMDC, Cairn India, Sobha Developers, Hindalco ad Vedanta hit a fresh 52-week low.

    In fact, the stocks that hit a new 52-week low is alarming.

    Going ahead markets are likely to fall further next week. There are no fresh triggers for the market and unless the global rout stops, Indian markets are also likely to see some selling pressure.

    It may not be a good idea to catch a falling knife and investors could wait a while for the dust to settle before taking fresh positions.

    GoodReturns.in

    Read more about: sensex nifty
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more