A morning walk down Dalal Street | Profit booking can continue if Nifty fails to hold 10,850
Episode 882, Feb 12, 2019, 01:23 AM
After falling over 1 percent in the week gone by, bears maintained their hold on D-Street and pushed Sensex and Nifty lower by another 1% on Monday.
Selling pressure continued as investors turned risk-averse due to the upcoming election. Quarter results have not surprised investors while the scope of a downgrade in earnings further dampened the sentiment.
Global trade deal and risk of a slowdown in growth continue to give caution while investors remain focused on macro data on Tuesday.
On the macro front, investors will keep an eye on CPI inflation and IIP data to get some direction.
The underperformance of broader markets clearly indicates a lack of appetite for risky bets.