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Markets may have bottomed out; Nifty could head towards 25,800: Rohit Srivastava
Rohit Srivastava, Founder of Indiacharts & Strike Money, believes Indian markets have likely formed a bottom and could gradually move higher over the next few months, with Nifty potentially heading towards 25,800. He remains bullish on Bank Nifty after a technical breakout and sees strength returning to broader markets through improving liquidity. Srivastava remains cautious on IT stocks despite short-term trading opportunities, while Reliance Industries and select private banks continue to show improving trends.Disclaimer: Network18 and TV18, the companies that operate CNBC-TV18, are controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.
Closing Bell: Sensex crashes 1,123 pts, Nifty below 24,500 as US-Iran tensions intensify
Except IT, all other sectoral indices ended in the red, with Infra, PSU Bank, Realty, Media, Oil & gas, Auto, Metal down 2-4%. Nifty Midcap and smallcap indices down 2% each. Tata Steel, Tata Motors Passenger Vehicles, SBI Life Insurance, L&T, JSW Steel were among major losers on the Nifty, while gainers included Coal India, Bharti Airtel, Infosys, Tech Mahindra.
Sensex Today | Stock Market Live: Sensex slips 470 pts, Nifty below 24,150; Max Healthcare, JSW Steel, SBI Life top losers
Sensex Today | Stock Market LIVE Updates: Nifty Midcap index up 0.2% and Smallcap indices up 0.7%. Among sectors, metal, media, realty, oil & gas, power up 0.5-1% each. Adani Ports, Interglobe Aviation, Wipro, NTPC and Hindalco are among major gainers on the Nifty, while losers are Tata Consumer, Max Healthcare, JSW Steel, SBI Life Insurance, Axis Bank.