5 reasons why Sensex, Nifty may see selloff today; stock market outlook & more
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Weak Asian markets, recession fears in the US, geopolitical concerns, the uneasiness over domestic market valuations, and likely FPI outflows are five factors that may weigh on the market sentiment on Monday. Foreign portfolio investors may think of pulling more money out of India since India is the most expensive emerging market now. Benchmark indices are bracing for a gap-down opening on Monday morning, taking cues from global markets such as Japan, South Korea, and Australia that tumble up to 6 per cent amid concerns the US economy was headed towards a recession. Besides, there were fears over the escalating war in the Middle East, with Israel bracing for an attack from the Islamic Republic and the Lebanese Iran-supported Hezbollah, as Iran reportedly rejected attempts by the US and Arab nations to de-escalate tensions. The median trailing PE of BSE500 companies is at 43 times – nearly 2 times the median earnings growth. On the technical side, the market breadth turned a bit exhaustive, indicating a sign of caution. Jatin Gedia of Sharekhan noted that the Nifty saw a breakout failure recently, as it did not witness follow-through buying interest on the upside. At 7.15 am, Gift Nifty was trading at 24,377.50, down 250 points or 1.02 per cent.
#Sensex #Nifty #StockMarket #Recession #Fpi #MarketSentiment #Valuation #GlobalMarkets #MiddleEast #Bse500 #NiftySupport #TechnicalAnalysis
https://www.businesstoday.in/markets/stocks/story/5-reasons-why-sensex-nifty-may-see-selloff-today-stock-market-outlook-more-440097-2024-08-05
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2024-08-05 02:21:04
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2024-08-05 02:21:04Event JSON
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"content": "5 reasons why Sensex, Nifty may see selloff today; stock market outlook \u0026 more\n==========\n\nWeak Asian markets, recession fears in the US, geopolitical concerns, the uneasiness over domestic market valuations, and likely FPI outflows are five factors that may weigh on the market sentiment on Monday. Foreign portfolio investors may think of pulling more money out of India since India is the most expensive emerging market now. Benchmark indices are bracing for a gap-down opening on Monday morning, taking cues from global markets such as Japan, South Korea, and Australia that tumble up to 6 per cent amid concerns the US economy was headed towards a recession. Besides, there were fears over the escalating war in the Middle East, with Israel bracing for an attack from the Islamic Republic and the Lebanese Iran-supported Hezbollah, as Iran reportedly rejected attempts by the US and Arab nations to de-escalate tensions. The median trailing PE of BSE500 companies is at 43 times – nearly 2 times the median earnings growth. On the technical side, the market breadth turned a bit exhaustive, indicating a sign of caution. Jatin Gedia of Sharekhan noted that the Nifty saw a breakout failure recently, as it did not witness follow-through buying interest on the upside. At 7.15 am, Gift Nifty was trading at 24,377.50, down 250 points or 1.02 per cent.\n\n#Sensex #Nifty #StockMarket #Recession #Fpi #MarketSentiment #Valuation #GlobalMarkets #MiddleEast #Bse500 #NiftySupport #TechnicalAnalysis\n\nhttps://www.businesstoday.in/markets/stocks/story/5-reasons-why-sensex-nifty-may-see-selloff-today-stock-market-outlook-more-440097-2024-08-05",
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