Sensex, Nifty Downtrend Resumes: Markets Drop 1.6% After Brief Pause; Analysts Discuss Next Support
Loading more articles...
Sensex, Nifty Dive 1.6% Again: Where's the Next Support? Experts Weigh In
M
Moneycontrol•11-03-2026, 16:14
Sensex, Nifty Dive 1.6% Again: Where's the Next Support? Experts Weigh In
•Sensex fell 1.53% to 77,008.53, Nifty dropped 1.43% to 23,913.45, resuming downtrend after a day's gain.
•Decline attributed to continued foreign fund outflows, selling in blue-chip banking shares, Middle East uncertainty, and rising crude oil prices.
•Ruchit Jain of Motilal Oswal Financial Services warns of continued weakness, seeing a 'lower top–lower bottom' formation; Nifty support at 24,000, 23,800.
•Rupak De of LKP Securities highlights risk of a 'death cross' (50DMA cutting 200DMA), with Nifty supports at 23,700 and 23,300.
•Prashasta Seth of Prudent Investment Managers LLP advises long-term investors to focus on disciplined asset allocation amidst volatility, avoiding short-term reactions.
