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Will markets extend selloff to 5th straight day? Bajaj Fin, Avenue Supermarts in focus| Opening Bell

Benchmark indices, Sensex and Nifty, extended their losses to the fourth consecutive day led by a broad-based selloff. Around Rs 10 lakh crore investors wealth was wiped out due to 2 percent cuts each on index benchmarks. The selloff trigger came in due to Sebi's F&O norms, escalating tensions in the Middle East, and diversion of flows from India to China. Going ahead, experts expect Nifty to face resistance at 25,500, with support around 25,000. This morning global cues are mixed, with Wall Street largely ending lower while Asia Pacific markets remain mixed. Among stocks in focus, watch out for BSE, Bajaj Finance, Bank of Baroda, Avenue Supermarts, among others. Catch Lovisha Darad in conversation with Nirav Chheda, Assistant Vice President, Equity Derivatives & Technical Research- Retail, Nirmal Bang and Aishvarya Dadheech-- Founder & CIO, FIDENT ASSET MANAGEMENT.

first published: Oct 4, 2024 09:28 am