Archana’s Analysis: Market sentiments look absolutely negative with Sensex heading no where. Still market will see flat opening and will pick up gain in later half. Recession now actually entered into the Indian market, with lot of worries flowing in. Indian Economists, Business people are now looking different market to come out of economic crisis. Still our market is sustainable but yet worst to come. Expect major layoffs and interest rates coming down. Well, I think Indian Government should come in picture with immediate precautionary steps. Should lookout for other market opportunities and promoting businesses.
All the stocks were in red with heavy selling. Nifty is trying to sustain at 2500. Today market may see some pullback rally in banking, auto and real estate.
Market Closing (3rd March):
Sensex: 8427.29 -2.09%
Nifty: 2622.40 -1.99%
Predictions for todays trading:
Market Opening ( 4th March ):
Sensex: 8380
Nifty: 2600
Market Closing (4th March):
Sensex: 8450
Nifty: 2640
Today’s Stock Watch: Banking, Auto, Reality and sector.
Posted by Archana Dange 