financetom
Market
financetom
/
Market
/
Investors remain cautious amidst Nifty fall led by HDFC twins, but new highs could be on the horizon
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Investors remain cautious amidst Nifty fall led by HDFC twins, but new highs could be on the horizon
May 5, 2023 11:18 PM

A sharp sell-off on Friday wiped out all the gains made in the week. Sensex lost nearly 800 points and the Nifty lost about 200 points in what was the biggest single day fall in two months.

Share Market Live

NSE

HDFC twins came under pressure and Nifty Bank index was down over a percent. Friday's Nifty fall was led by HDFC twins, which caused many investors to take notice. While this drop may be concerning, it is important to remember that new highs for indices are not far away.

The big question on everyone's mind is whether the market can break out of the 18-month range it has been in. This range has caused many investors to be cautious, but there are signs that things may be changing.

Q4 saw more upgrades than downgrades, which is a positive sign for the market.

Read Here | European markets open higher after ECB raises interest rates by quarter point

Despite this, most of the fast money - hedge funds, etc. are currently betting on the US market falling. This is a trend that has been ongoing for some time, and it shows no signs of abating.

There is a general perception that a significant market downturn is on the horizon, but only time will tell if this prediction proves true.

Furthermore, while some market experts believe that India may be insulated from the effects of a global market downturn, it is vital to dispel the notion that India has decoupled entirely from global markets.

While India may have decoupled for brief periods in the past, this is not a reliable trend. It is worth keeping an eye on market positioning as well, as it is currently leaning towards a bearish outlook.

Also Read | HDFC twins sell-off after Nuvama sees outflows of up to $200 million for merged entity in MSCI

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US STOCKS-Futures rise with Fed policy, trade tariffs in focus
US STOCKS-Futures rise with Fed policy, trade tariffs in focus
Feb 18, 2025
(For a Reuters live blog on U.S., UK and European stock markets, click/ or type LIVE/ in a news window.) * Constellation Brands ( STZ ) jumps after Berkshire discloses stake * Intel ( INTC ) up after report Broadcom ( AVGO ), TSMC eye deals to split it * Futures up: Dow 0.11%, S&P 500 0.31%, Nasdaq 0.34% (Updates...
GRAPHIC-What the German election means for markets
GRAPHIC-What the German election means for markets
Feb 18, 2025
* Germany holds snap poll on Sunday * Debt brake, weak economy, parliament seat numbers in focus * Defence spending set for a boost By Samuel Indyk, Greta Rosen Fondahn, Stefano Rebaudo LONDON, Feb 19 (Reuters) - Sunday's German election may result in a conservative-led coalition government that faces pressure for much-needed change to revive the stagnant economy - and...
This Analyst With 87% Accuracy Rate Sees More Than 50% Upside In Trade Desk - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts
This Analyst With 87% Accuracy Rate Sees More Than 50% Upside In Trade Desk - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts
Feb 18, 2025
U.S. stocks settled mixed on Friday, with the Dow Jones index falling more than 150 points during the session. However, stocks recorded gains last week, with the S&P 500 gaining around 1.5% and the Dow rising 0.6%. The Nasdaq gained 2.6% during the week. Wall Street analysts make new stock picks on a daily basis. Unfortunately for investors, not all...
China tech rally presses ahead as Xi's meeting spurs bets of policy shift
China tech rally presses ahead as Xi's meeting spurs bets of policy shift
Feb 18, 2025
HONG KONG, Feb 18 (Reuters) - Chinese tech stocks continued to rally on Tuesday on optimism that President Xi Jinping's rare meeting with the country's tech entrepreneurs foreshadowed a regulatory U-turn after years of a sector-wide crackdown. The Hang Seng Tech Index climbed 2.5% to close at a fresh three-year high and bring the gains for the past month to...
Copyright 2023-2025 - www.financetom.com All Rights Reserved