Summary
Indian equity indices witnessed a significant sell-off on April 7, ending the day deep in the red as global cues turned sharply negative. The Nifty 50 fell below the key psychological level of 22,200, while Sensex plummeted over 2,200 points, reflecting widespread panic across sectors.
Key Indices Performance
-
Sensex: 73,137.90 ▼ 2,226.79 points (-2.95%)
-
Nifty 50: 22,161.60 ▼ 742.85 points (-3.24%)
-
BSE Midcap: ▼ 3.4%
-
BSE Smallcap: ▼ 4%
Market Breadth
-
Advances: 559
-
Declines: 3,372
-
Unchanged: 137
Technical Overview
-
Trend: Weak; Nifty has fallen back into a descending channel on the daily chart.
-
Intraday Recovery: Nifty bounced back 418 points from the day’s low.
-
Support Zones:
-
Immediate: 21,750 – 21,900
-
Crucial: 21,700
-
-
Resistance Levels:
-
Near-term: 22,300 – 22,550
-
Sectoral Impact
All sectoral indices ended negative, with the Metal and Realty sectors leading the fall:
-
Metal: ▼ 6.7%
-
Realty: ▼ 5.6%
-
IT, Media, PSU Banks, Auto, Energy: ▼ 2.5% – 4%
Top Nifty Losers
-
Trent
-
Tata Steel
-
JSW Steel
-
Hindalco Industries
-
Shriram Finance
-
Larsen & Toubro (L&T)
Top Gainer
-
Hindustan Unilever
Global Cues & Sentiment
-
US equity markets fell sharply on Friday, setting the tone for a global equity sell-off.
-
Concerns around US President Trump's reciprocal tariffs raised fears of a trade war, possible recession, and higher inflation.
-
Falling prices in crude oil and industrial metals hint at slowing global demand.
-
Dow Futures suggest another weak start, keeping pressure on Asian markets.
Outlook
-
The short-term trend remains bearish with heightened volatility.
-
Markets may remain under pressure unless there is a positive development around global trade tensions.
-
Investors are advised to focus on domestic-centric themes and stay cautious amid global uncertainty.
Let me know if you’d like this formatted as a PDF or presentation slide deck, or if you need a version tailored for investors, media, or internal reporting.
No comments:
Post a Comment