MC Desk | February 14, 2025
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Sensex and Nifty ended in the red on Friday, marking their eighth straight session of decline, the longest losing run since 2023.
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Sensex slipped 199.76 points to settle at 75,939.21, while Nifty ended 102.15 points lower at 22,929.25 after erasing early gains.
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In the last eight trading sessions, the Sensex has lost 2,644.6 points or 3.36% and the Nifty has fallen by 810 points or 3.41%.
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Analysts note that Nifty’s close below the 23,000 mark signals continued bearish pressure. The short-term trend remains weak.
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Rupak De of LKP Securities warns that a decisive drop below 22,800 could trigger further panic selling.
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On the upside, 23,100 remains a key resistance level. A breakout above this could provide some relief for the markets.
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Siddhesh Mehta of SAMCO Securities points out that past corrections of similar scale have led to a rebound in the following weeks.
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According to SAMCO data, there is an 88% probability that the market will post gains in next few weeks based on previous instances of multi-session declines.
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Foreign fund outflows remain a major concern. Any reversal in FII activity could support a market recovery.
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The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.
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