Inventory market at present: Benchmark indices Sensex and Nifty declined on March 28, weighed down by IT and auto shares, as investor sentiment turned cautious forward of the US reciprocal tariff announcement subsequent week.
Sensex dropped over 550 factors from its intraday excessive, whereas Nifty slipped under the 23,500 mark.
As of 13:16 IST, the Sensex was down 327.13 factors (0.42%) at 77,279.30, whereas the Nifty fell 97.35 factors (0.41%) to 23,494.60. Market breadth remained combined, with 1,559 shares advancing, 1,883 declining, and 108 remaining unchanged.
“The market’s resilience, regardless of Trump’s reciprocal tariff threats, comes from the renewed shopping for by FIIs and the arrogance this has given to the bulls. The bears are presently on the again foot and this market assemble could proceed except Trump proclaims one thing very nasty.
Other than the tariffs the market will likely be trying ahead to the April ninth financial coverage and after that the This fall outcomes. The US PCE inflation knowledge anticipated at present could give a sign of the inflation pattern within the US. However extra vital than that might be the inflationary expectations from Trump tariffs.
On this time of heightened uncertainty buyers ought to stay calm and look forward to the mud to cool down. FII shopping for will hold pretty valued largecaps resilient,” mentioned VK Vijayakumar, Chief Funding Strategist, Geojit Investments Restricted.
Do you have to comply with ‘buy-on-dips’ technique amid volatility?
Inventory market specialists imagine that “Purchase on dips” is the most effective long run technique in unstable or bear markets situations, which inspires long-term buyers to build up high quality shares and capitalize on market dips to decrease price of shopping for.
“Whereas generally it might be difficult with some inherent dangers within the close to to brief time period if time correction continues for lengthy and buyers could run out of money earlier than the precise market backside. Therefore buyers ought to perform a little research earlier than going blind on any technique primarily based on his/her monetary targets,” mentioned Prashanth Tapse, Sr VP analysis analyst at Mehta Equities Ltd.
Disclaimer: This story is for instructional functions solely. The views and suggestions above are these of particular person analysts or broking corporations, not Mint. We advise buyers to test with licensed specialists earlier than making any funding choices.
