Sensex, Nifty fall for 2nd straight session; investors lose nearly ₹3 lakh crore
1 year, 6 months ago

Sensex, Nifty fall for 2nd straight session; investors lose nearly ₹3 lakh crore

Live Mint  

Domestic equities suffered significant losses on Friday amid weak global cues as investors remained concerned over sticky inflation, rate hikes and their impact on global economic growth. The BSE Midcap index closed 1.24 per cent lower while the Smallcap index fell 1.17 per cent. Sectoral Indices Barring Nifty Pharma, which ended with a nominal gain of 0.15 per cent and the Nifty Healthcare index, which ended flat, all sectoral indices ended with losses, with Nifty Metal and Nifty Media suffering strong losses. For bank nifty traders, a 50-day SMA or 43,500 would act as a key support level, above which a quick pullback rally to 20-day SMA or 44,000-44,300 is possible.

History of this topic

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