Stock market today: Will volatility continue to haunt Dalal Street?
India TodayThe stock market witnessed a crash on Monday that left the Dalal Street bleeding as investors' wealth declined significantly. REASON FOR MARKET CRASH "The sell-off was largely attributed to continued foreign institutional investor outflows and confirmation of HMPV cases in India coincided with reports of a virus outbreak in China, leading to heightened investor caution," said Vaibhav Vidwani, Research Analyst at Bonanza. WHAT TO EXPECT TODAY Market volatility is expected to persist on Tuesday, fuelled by ongoing concerns over the HMPV virus, upcoming corporate earnings reports, and macroeconomic factors such as the Union Budget and global trade policy shifts. Ajit Mishra, SVP, Research at Religare Broking Ltd, highlighted the challenges ahead and said, "The pullback in the Nifty index, coupled with a spike in volatility, has disrupted the recovery trend, signalling potential challenges ahead. In this situation, I suggest adopting a sell-on-rise approach while short-term and mid-term investors should continue to hedge their positions," said VLA Ambala, Co-Founder of Stock Market Today.