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
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.