- After a brief recovery last week, the Indian stock market is once again under selling pressure, with frontline indices losing up to one percent in the early morning session.
- The market downturn is attributed to a combination of factors including rising volatility, ongoing Lok Sabha elections, non-impressive Q4 results, continuous selling by FIIs, and the US dollar rates sustaining above 105 mark.
- Avinash Gorakshkar, Head of Research at Profitmart Securities, provides an insightful analysis of the market situation, highlighting the rising volatility due to ongoing Lok Sabha elections and the India VIX reaching a new 52-week high.
Indian stock market faces selling pressure due to rising volatility, ongoing elections, disappointing Q4 results, and other factors. Expert analysis provides insights into the current market situation.
Indian Stock Market Under Pressure: Key Factors
The Indian stock market opened lower today, with the Nifty 50 index and the BSE Sensex both touching intraday lows. The Bank Nifty index also opened lower, while the small-cap stock and mid-cap index experienced significant selling. The India VIX today witnessed a sharp rise and touched a new 52-week high of 21.41.
Reasons Behind the Market Downturn
Several factors are contributing to the current market downturn. These include rising volatility due to the ongoing Lok Sabha elections, non-impressive Q4 results, continuous selling by FIIs, and the US dollar rates sustaining above the 105 mark. These factors have led to a significant decrease in investor confidence, resulting in a bearish market sentiment.
Expert Analysis: Avinash Gorakshkar’s Insights
Avinash Gorakshkar, Head of Research at Profitmart Securities, has provided an insightful analysis of the current market situation. He identifies the rising volatility due to ongoing Lok Sabha elections and the India VIX reaching a new 52-week high as major factors behind the market downturn. He also highlights other significant factors such as continuous selling by FIIs, non-impressive Q4 results, and the US dollar rates sustaining above the 105 mark.
Conclusion
The Indian stock market is currently facing selling pressure due to a combination of factors. Investors are advised to stay vigilant and consider proactive measures in response to the ongoing market volatility and other contributing factors. As the market situation can change rapidly, it is crucial to stay informed and consult with certified experts before making any investment decisions.
