On March 24, 2021, Sensex and Nifty went down by 2 percent. The downfall is mainly due to the selling of majority shares in a short period.
The growing concern regarding the spread of covid-19 changed the investor decision. The surge in the spread affected the market sentiment towards a strong sell-off.
SENSEX marked at 49,180.31, it saw a fall of 871 points or 1.74 percent.
Oh the other hand, NIFTY declined to 14,549.40 or down 265 points or 1.79 percent.
Asian Paints and Power Grid with 1.44 percent and 0.98 percent respectively traded. It reflected higher trading than the previous day.
Early in 2021, the market showed recovery from the pandemic effect. However, with the increase in the cases the investors’ behavior changed.
The shares of KPIT Technologies and Mindtree marked the high record with Rs 185 and Rs 2,038.85, respectively.
Additionally, with the rapid selling of shares, Just Dial showed a 6 percent rise in intraday trade.
Finally, the shares of KPIT Technologies ended 3.29 percent higher. Further, Just Dial moved 0.58 percent up. Mindtree went down 0.70 percent.
According to the recommendations, stocks of KPIT technologies reflect a positive trend. The investors can hold the stocks until the trend change.
The shares of Mindtree indicated profit booking. The investors can sell their shares in a short time and gain profit. The resistance price ranges from Rs 2,000-2,050.
Besides, the stock of Just Dial gave huge profit to the investor with 4 times rise in the price. Currently, the investor can book profits with the resistance of Rs Rs 950.
Check all the recent news updates and share market updates