Fall in stock markets

The National Stock Exchange (NSE) Nifty closed at 14,981.75, down 137.20 points, or 0.91 per cent.

February 19, 2021, 4:59 PM IST

New Delhi. There was profit-booking in the domestic stock market for the fourth consecutive day. At the end of trading on Friday, the Bombay Stock Exchange (BSE) Sensex closed 434.93 points, or 0.85 per cent, down at 50,889.76. At the same time, the National Stock Exchange (NSE) Nifty closed at 14,981.75, down by 137.20 points i.e. 0.91 percent.

Bank Nifty declined by more than 1.9 on Friday. Auto, Capital Goods and NBFC were the biggest weaknesses in the business.

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VK Vijaykumar of Geojit Financial Services said that during this week, we have seen a mild decline in the global markets and, in other words, if we say. The reason for this is the high valuation and the absence of any new positive trigger close to the market. Now until the market does not see a trigger point, this situation can remain in the market for some more time.Also read- Government gift: Now ESIC card private hospital will be able to get treatment, know full details

Gaurav Ratnaparkhi of Sharekhan says that the daily Momentum indicator is showing a downward trend. Nifty consolidation is seen in the phase. The consolidation range of Nifty is between 15,000–15,430. However, if the Nifty breaks the 15000 level on a closing basis, then it can get a bigger correction.