Will Nifty slip below 18,000? What would be the new level?
What will be the next move of the market? Posted by : NILESH WAGHELA The bulls were stunned and the bears rejoiced by the sudden and unexpected blow of a report that feared a possible side effect that HDFC and HDFC Bank's merger may result in outflow of around $150-200 million. Now the question is, will Nifty slip below 18,000?...and what will be the next level? Benchmark indices NSE Nifty and BSE Sensex ended the last trading session of the week deeply in the red, dragged by HDFC twins. The NSE Nifty 50 crashed 186.8 points or 1.02% to 18,069.00 and BSE Sensex tanked 694.96 or 1.13% to 61,054.29. In sectoral indices, Bank Nifty plunged 1,024.25 points or 2.34% to 42,661.2 and Nifty Financial Services 455.5 points or 2.34% to 19,023.85. The top gainers on Nifty 50 were Titan, Maruti, UltraTech Cement, Nestle and Apollo Hospital while the losers were HDFC Bank, HDFC, IndusInd Bank, Hindalco and Tata Steel. Let's check what experts say about future possibilities f...