Our Managing Director & CEO, Mr. @ashishchauhan, together with Mr. Piyush Chourasia, Chief Risk Officer – Compliance Member, Surveillance, Member Inspection & Investigation, NSE, Mr. Ankit Sharma, Chief Risk Officer- Listing & Investor Compliance, NSE, along with other prominent figures, launched the “Securities Law Conference:… pic.twitter.com/svrGDsi39e
— NSE India (@NSEIndia) November 28, 2024
The Indian equity markets saw a significant downturn today, as the BSE Sensex dropped by 1,190 points and the Nifty50 index fell beneath the 23,950 threshold. This market slump has sparked worries among both investors and analysts. Multiple factors played a role in this dramatic decrease, such as global economic uncertainties, disappointing corporate earnings, and renewed inflationary concerns.
These challenges have triggered extensive selling across the markets. The Nifty index fell below the crucial 20-day Exponential Moving Average (DEMA), meeting considerable resistance around the 24,360 level.
Various participants, including FPIs, are significantly contributing to the rising activity within the NSE Commodity Derivatives segment. #NSE #CrudeOil #KnowledgeSeries #Commodities #Futures #Options #Contracts @ashishchauhan pic.twitter.com/LzyoJO1yTz
— NSE India (@NSEIndia) November 27, 2024
A long bearish candle on the daily chart signifies a possible downside breakout following a period of sideways trading over the last few sessions.
This time of year is typically a stronger phase for stocks. pic.twitter.com/Hh4kA7xx6V
— Ryan Detrick, CMT (@RyanDetrick) November 26, 2024
Significant market events included penalties levied on Sun Pharma executives, alterations in price bands by the Bombay Stock Exchange, the introduction of new trading regulations by SEBI, and variations in silver and gold pricing. The banking exposure of the Adani Group and the Rupee’s stabilization due to central bank intervention also influenced market perceptions.
Investor worries sparked by Sensex drop
#MarketAlert | ?Nifty falls beneath 24,000 points – dropping more than 300 points; concludes down 1.4%
Here’s a snapshot of how the market performed today!? #Nifty #StockMarket pic.twitter.com/iQDBNQEIVQ
— ET NOW (@ETNOWlive) November 28, 2024
Updates from various companies, including Rajoo Engineers’ ex-bonus trading, the debut of Enviro Infra Engineers’ IPO, Servotech’s solar initiative, Tube Investments’ acquisition, and Ajmera Realty’s debt servicing, have impacted individual stock performances. Global markets displayed a mixed performance, with European shares rising bolstered by technology stocks, while Chinese equities fell due to trade disputes and a car industry price war. Japan’s Nikkei index bounced back after two days of losses.
In the cryptocurrency sphere, Bitcoin surged past $95,000, supported by favorable regulatory developments in the US, with projections of nearing $100,000 soon. Other cryptocurrencies also recorded substantial gains. Analysts offered insights, with Shivangi Sarda anticipating a mixed market and proposing specific stock acquisitions, while Motilal Oswal forecasted a 24% potential increase for Angel One shares.
The market is navigating considerable difficulties, with the Nifty crossing pivotal technical thresholds and the Sensex witnessing a substantial decline. Investors are recommended to keep abreast of market dynamics, regulatory shifts, and company-specific updates to make informed trading choices in this volatile landscape.
