Sharp Fall in NIFTY 50 - Probable Reasons
Indian Equity Market Declines Due to Global Trade War Concerns
• The Sensex and Nifty experienced intense selling pressure today due to concerns about a global trade war.
• The Sensex fell by 1,009.64 points or 1.35% at 73,602.79, while the Nifty fell by 316.25 points or 1.4% at 22,228.80.
• The market capitalistion of BSE-listed firms declined by Rs 6.1 lakh crore, and the Nifty hit a 9-month low.
• The Nifty 50 has fallen about 5% so far in February, its longest losing streak in 29 years.
Key Factors Behind Market Decline
• Trade war fears: US President Donald Trump announced 25% duties on imports from Canada and Mexico on February 27, and an additional 10% duty on goods from China on February 27, heightening fears of an escalating trade conflict.
• Weak Asian markets: Hong Kong equities fell on Friday, and Chinese shares also fell, with the Hang Seng index slipping 2.3%.
• Nvidia Q4 results effect: The Nikkei share average hit a five-month low of 37084.44 on Friday, dragged by chip-related stocks after Nvidia's strong growth forecast did little to lift sentiment.
• US economy fears: The IT index tumbled 4% as data showed that U.S. weekly jobless claims rose more than expected last week, adding to worries that the world's largest economy may be slowing.
NIFTY 50 is below 20 EMA (Black line), 50 EMA (Orange line) and just above 100 EMA ((Sky Blue line) on weekly chart.
Support level: 21750, 20269
• The Sensex and Nifty experienced intense selling pressure today due to concerns about a global trade war.
• The Sensex fell by 1,009.64 points or 1.35% at 73,602.79, while the Nifty fell by 316.25 points or 1.4% at 22,228.80.
• The market capitalistion of BSE-listed firms declined by Rs 6.1 lakh crore, and the Nifty hit a 9-month low.
• The Nifty 50 has fallen about 5% so far in February, its longest losing streak in 29 years.
Key Factors Behind Market Decline
• Trade war fears: US President Donald Trump announced 25% duties on imports from Canada and Mexico on February 27, and an additional 10% duty on goods from China on February 27, heightening fears of an escalating trade conflict.
• Weak Asian markets: Hong Kong equities fell on Friday, and Chinese shares also fell, with the Hang Seng index slipping 2.3%.
• Nvidia Q4 results effect: The Nikkei share average hit a five-month low of 37084.44 on Friday, dragged by chip-related stocks after Nvidia's strong growth forecast did little to lift sentiment.
• US economy fears: The IT index tumbled 4% as data showed that U.S. weekly jobless claims rose more than expected last week, adding to worries that the world's largest economy may be slowing.
NIFTY 50 is below 20 EMA (Black line), 50 EMA (Orange line) and just above 100 EMA ((Sky Blue line) on weekly chart.
Support level: 21750, 20269
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.