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Stock Market and Shares News, Economics and Finance News, Sensex, Nifty, Global Market, NSE, BSE Live IPO News

Stock Market and Shares News, Economics and Finance News, Sensex, Nifty, Global Market, NSE, BSE Live IPO News

LIVE: The market is in a bear grip; 24,000 Make It or Break It Levels for Nifty | ICICI Bank in Focus | Opening bell

The Indian stock market witnessed a sharp sell-off with the Nifty 50 and Sensex indices losing 3% in each of the last weeks. Nifty 50 decisively broke below the 100-day EMA (exponential moving average) and fell below 24,200, resulting in almost a percentage loss on Friday. Experts believe that the index may continue its move southwards and touch the August low of 23,894, followed by the 200-day EMA of 23,455 in the coming sessions. Therefore, it is recommended to use the “selling on the rise” strategy. Keep an eye on ICICI Bank as it reacts to earnings. Among the companies to watch today, Bharti Airtel, Sun Pharma and Ambuja are some of the companies that will report earnings today. Catch Nandita Khemka in conversation with Ajit Mishra, Senior Vice President, Research, Religare Broking and Anand Rathi, Founder, MIRA Money.