Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Google searches could help scientists track the effects of climate change

    August 11, 2022

    OnlyFans model Courtney Clenney charged with murder in stabbing death of boyfriend in Miami

    August 11, 2022

    For Back-to-School Purchases, Inflation Prompts Creativity

    August 11, 2022
    Facebook Twitter LinkedIn
    Trending
    • Google searches could help scientists track the effects of climate change
    • OnlyFans model Courtney Clenney charged with murder in stabbing death of boyfriend in Miami
    • For Back-to-School Purchases, Inflation Prompts Creativity
    • Holy Cross LB’s Dobbs, Anderson committed to fourth straight PL title
    • Dolphins QB Tua Tagovailoa may sit out preseason opener
    • Disney+ overtakes Netflix in race for subscribers
    • 'We will stand shoulder-to-shoulder': UK to send more multiple-launch rocket systems to Ukraine
    • Drought expected to be declared in the South West tomorrow
    Facebook Twitter LinkedIn
    Business KhabarBusiness Khabar
    • World
    • Auto
    • Business
      • Industries
      • Opinion
    • Market
    • Money
      • Finance
      • Insurance
      • Investment
      • Schemes
    • Sports
    • Other
      • Stories
      • Career
      • Entrepreneurship
      • Property
    • Web Stories
    Business KhabarBusiness Khabar
    Home » Why Sensex surged 800 pts, Nifty jumped 1.7% in the present day; ought to traders begin shopping for shares amid volatility?
    Share Market

    Why Sensex surged 800 pts, Nifty jumped 1.7% in the present day; ought to traders begin shopping for shares amid volatility?

    Nisha ChawlaBy Nisha ChawlaJune 22, 2022Updated:June 22, 2022No Comments
    Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Indian benchmark indices jumped 1.7% on Tuesday and firmly raced up following the lengthy haul of losses final week. The BSE Sensex rose 872 factors to 52,469, and the NSE Nifty gained 262 factors to fifteen,610. “Markets were technically in oversold territory and thus witnessed a bounce back, especially in a light market since US markets were closed yesterday. There is an increased perception that by the end of the year, the US Fed will be able to get inflation levels down considerably, which is also helping the markets currently,” mentioned Nishit Master, Portfolio Manager, Axis Securities.

    What’s pulling markets up in the present day?

    “The market has witnessed a bounce back due to positive sentiment in the global equity markets. After a major correction from 16800 to 15183, the market has witnessed a short-covering rally. However, a major pullback can be expected only above 16000 levels,” mentioned Santosh Meena, Head of Research, Swastika Investmart.

    “The Nifty index witnessed a major breakdown after the Fed meet outcome. The global markets have recovered after a steep fall and strong positive momentum has been seen into Dow Jones and Nasdaq. Indian benchmark indices continue its positive momentum for second consecutive trade ahead of global cues,” mentioned Akhilesh Jat, Category Manager – Equity Research, Capital Via..

    Where is Nifty headed?

    The index faces its first resistance at 15800 ranges; publish breaking this stage Nifty would possibly retest 16,000 ranges. “If the Nifty is able to sustain 16000 levels then the next retest levels will be 16400/16700,” Meena added. “We believe that in the short term, Nifty can head towards 15800, but we expect the markets to remain volatile over the next few months,” mentioned Nishit Master.

    Should traders purchase within the present market?

    An extended-term investor ought to use the current fall to begin growing fairness allocation slowly and regularly. “If one is a trader, then I think over the next couple of months, the markets will be sold on a rising kind of a market, and thus one can lighten their trading book at each rise,” Nishit Master mentioned. “Investors can start deploying gradually and use ‘buy on dips’ strategy in the current situation. SIP should be continued, and ongoing correction is a good buying opportunity to deploy more cash for the long term. However, there is an outside risk of a further 10-15℅ correction therefore, going lump sum is not the right strategy in current markets,” mentioned Santosh Meena.

    Markets nonetheless uneven; watch these index ranges

    “Choppy movement in the broader market is expected and it is likely to face resistance near 15700 marks and on downside 15000 may act as the key support level. The near-term market trend is weak and we can expect the level of 14700 in near term. One may look for good quality stocks for the long-term perspective and invest in good large caps stocks as it has been that in an inflationary environment large-caps stocks have outperformed,” mentioned Akhilesh Jat.

    (The suggestions on this story are by the respective analysis analysts and brokerage corporations. FinancialExpress.com doesn’t bear any accountability for his or her funding recommendation. Capital markets investments are topic to guidelines and rules. Please seek the advice of your funding advisor earlier than investing.)

    Source: www.financialexpress.com”

    bse / nse share price BSE Sensex bse stock market Indian stock market market today Nifty NIFTY 50 nifty share price nse stock market sensex sensex share market sensex share price share market share market news share market today stock market stock market india Stock Market News stock market news today stock market sensex Stock Market Today world stock market
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Nisha Chawla
    • Website
    • Facebook
    • LinkedIn

    She is an expert in Banking, Finance and working with an international bank. She sharing her ideas and knowledge with Business Khabar.

    Related Posts

    Sensex snaps losing streak to end in green, Nifty regains 16000; will bulls rally next week?

    July 16, 2022

    Citigroup stock in focus after Q2 results – Check financials and impact on share price

    July 15, 2022

    Paddy acreage down 17 per cent so far in kharif season: Official data

    July 15, 2022
    Recent Posts
    • Google searches could help scientists track the effects of climate change
    • OnlyFans model Courtney Clenney charged with murder in stabbing death of boyfriend in Miami
    • For Back-to-School Purchases, Inflation Prompts Creativity
    • Holy Cross LB’s Dobbs, Anderson committed to fourth straight PL title
    • Dolphins QB Tua Tagovailoa may sit out preseason opener
    Top Posts

    Complete Information On How To Open Baby And Kids Store

    July 24, 2020

    How To Start Potato Onion Wholesale Business?

    July 28, 2020

    Small Business Ideas for Women: 5 businesses will be earning in lakhs

    July 28, 2020

    Budget 2021: You have an idea or suggestion, send it online to the government by 30 November; This is the way

    November 27, 2020
    Don't Miss
    World

    Google searches could help scientists track the effects of climate change

    By Business KhabarAugust 11, 2022

    People’s Google searches might present the important thing to maintaining a tally of the consequences…

    OnlyFans model Courtney Clenney charged with murder in stabbing death of boyfriend in Miami

    August 11, 2022

    For Back-to-School Purchases, Inflation Prompts Creativity

    August 11, 2022

    Holy Cross LB’s Dobbs, Anderson committed to fourth straight PL title

    August 11, 2022
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo

    Subscribe to Updates

    Get the latest creative news from SmartMag about art & design.

    About Us
    About Us

    Business Khabar: Read latest business news, auto news, technology news, personal finance, industries news, investment & insurance news, startups & success stories.

    We're accepting new partnerships right now.

    Email Us: [email protected]

    Facebook Twitter LinkedIn
    Our Picks

    MBTA hiring subway dispatchers: Starting pay $103,000 and $10K bonus

    July 15, 2022

    Photos: PR maven George Regan’s wedding brings Boston, Massachusetts big-wigs to Cape Cod

    July 31, 2022

    What is Project Report? Features Requirements and Benefits.

    August 17, 2019
    Most Popular

    US lawmakers worried about India’s Corona situation, told Biden – Administration should help New Delhi

    April 23, 2021

    Haryana: Four suspected Khalistani terrorists with Pakistan hyperlink arrested at Karnal toll plaza, big cache of explosives recovered

    May 8, 2022

    Suva, Fiji, travel guide and things to do: Nine highlights

    August 5, 2022
    © 2022 Business Khabar. Designed by ThemeSphere.
    • About us
    • Contact
    • Contribute for us
    • Privacy Policy
    • Disclaimer

    Type above and press Enter to search. Press Esc to cancel.