A section of investors was anticipating a major crash in the stock market, riding on geopolitical uncertainty following the joint US-Israel attack on Iran. Their fears came 'true' as soon as Dalal Street opened on the first day of the week. Sensex-Nifty tumbled precipitously. On Monday, the Sensex closed 1,048 points down at 80,238 points. Meanwhile, Nifty also ended the day 313 points lower at 24,865 points. Along with this, mid-cap and small-cap stocks also witnessed massive declines.
The stock market was closed on Tuesday for Holi festival. It will reopen on Wednesday. Market experts fear the downward trend may continue on this day as well. The primary reason for this is the deteriorating war situation in West Asia. Gift Nifty is also down 2.23 per cent on this day. Stock markets in various Asian countries are also experiencing crash situations. In this situation, let's see which stocks can be watched.
Also Read | Sensex falls over 1,000 points amid West Asia tensions; Nifty ends below 24,900
Data Pattern: This company's share price is 3,204 rupees. Its target price is 3,400 rupees, and the stop loss is 3,046 rupees.
IDFC First Bank: This stock's price is 71 rupees. Its target price is 77 rupees, and the stop loss is 68 rupees.
MCX: This stock's price is 2,501 rupees. Its target price is 2,630 rupees, and the stop loss is 2,450 rupees.
Muthoot Finance: This stock's price is 3,471 rupees. Its target price is 3,600 rupees, and stop loss is 3,400 rupees.
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