Man in his work office worried about the decline in the value of his business
Amid the stock market turmoil, Dalal Street is experiencing intense selling across various indices and segments. After reaching a record high of 26,277.35 on September 26, 2024, the Nifty 50 index has been under selling pressure for nearly five months. Last Friday, the 50-stock index closed at 22,124, marking its steepest intraday loss in percentage terms since October 3, 2024. The index has fallen 4,153 points or around 16 percent from its record high due to this widespread selling. The BSE Sensex ended at 73,198 last Friday, registering a 12,780-point or 15 percent decline from its record high. The Bank Nifty index closed at 48,344, showing an 11.20 percent drop from its record high of 54,467. The broader market has seen even more significant declines, with the BSE Mid-cap index dropping over 22 percent from its record high and the BSE Small-cap index falling around 25.50 percent from its lifetime high.
As timing the market is challenging, the stock market’s “squid game” is expected to dominate when the Indian stock market resumes trading on Monday. While retail investors are evaluating the greed and fear factors involved in bottom fishing at current levels, experts recommend considering key triggers that may help accumulate stocks at discounted prices after the market crash. These triggers include promoters’ activity, trade volume trends, upcoming company earnings buzz, market valuations, and retail participation, which are essential indicators of the market’s mood at the bottom.
