{"id":60839,"date":"2022-08-29T14:59:00","date_gmt":"2022-08-29T09:29:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=60839"},"modified":"2022-08-29T14:55:18","modified_gmt":"2022-08-29T09:25:18","slug":"market-crashed-upto-2-1-today-check-what-analysts-have-to-say","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/market-crashed-upto-2-1-today-check-what-analysts-have-to-say\/","title":{"rendered":"Market Crashed upto 2.1% today; Check what analysts have to say"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1962752228\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The BSE Sensex tanked more than 1300 points or 2.23 per cent on Monday, opening at 57524.27 points. Similarly, the NSE Nifty 50 opened at 17181.90 points, down 377.00 points or 2.15%. However, the markets recovered later during the morning session.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-93230738\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The Sensex was down 740.36 points (1.26 per cent) at 58,093.51, while the Nifty 50 was trading at 17,343.75, down 215.15 points (1.23 per cent) at 12:30 PM on Monday.&nbsp;<\/p><p>It was observed that stocks like Nestle India, Britannia, Hindustan Unilever, and Tata Consumer Products were in the green. On the other hand, some top losers were Tech Mahindra, Infosys, Wipro, JSW Steel and HCL Technologies.<\/p><p>Benchmark indices experienced a fall amid negative global cues. Globally, markets fell after the head of the US Federal Reserve indicated high-interest rates will continue for some time to curb inflation.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-4254644102\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Powell on Friday reiterated his message and said that the US Fed\u2019s overarching focus is to bring inflation back to 2% because the economy does not work for anyone without price stability.<\/p><p>\u201cThe sharp rise in the Dollar index above 109 and the 10-year bond yield spiking to 3.1 per cent are negative for capital flows to EMs like India. FPIs are unlikely to continue buying in India in this scenario. The \u2018buy on dips\u2019 texture of the market is unlikely to hold. Investors should not rush in to buy the dips now. Better wait for the dust to settle,\u201d said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.<\/p><p>Apurva Sheth, Head of Market Perspectives, Samco Securities, said that the markets are around 17400 levels and are likely to serve as make or break levels. He said that a break below this level may result in a retest of the 17,100 level. Until then traders should have a mildly bullish outlook.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Simran Bafna<\/strong><\/p><\/blockquote><div class=\"trade-after-content\" id=\"trade-2640942651\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The BSE Sensex tanked more than 1300 points or 2.23 per cent on Monday, opening at 57524.27 points. Similarly, the NSE Nifty 50 opened at 17181.90 points, down 377.00 points or 2.15%. However, the markets recovered later during the morning session. The Sensex was down 740.36 points (1.26 per cent) at 58,093.51, while the Nifty [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":25483,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[],"class_list":["post-60839","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Market Crashed upto 2.1% today; Check what analysts have to say - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/market-crashed-upto-2-1-today-check-what-analysts-have-to-say\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Market Crashed upto 2.1% today; Check what analysts have to say\" \/>\n<meta property=\"og:description\" content=\"The BSE Sensex tanked more than 1300 points or 2.23 per cent on Monday, opening at 57524.27 points. Similarly, the NSE Nifty 50 opened at 17181.90 points, down 377.00 points or 2.15%. However, the markets recovered later during the morning session. 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