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Sensex, Nifty dip as MF test results stress market; fall far from over, warn analysts
A broad-based selling weighed on frontline indices the Sensex and the Nifty on March 15, as mutual fund houses released their liquidity stress test results. The pain is far from over and volatility is likely to persit, analysts said, with small and midcaps coming under pressure yet again. The Sensex and the Nifty declined up to 0.6 percent at 72,643 and 22,023 on March 15. About 1,557 shares advanced, 2,112 shares declined, and 107 shares unchanged. Deepak Jasani, Head of Retail Research at HDFC Securities, said the fall is far from over. "We expect some breather in between but the selloff is likely to persist in the near term. If the Nifty breaches below 21,750, more correction can be anticipated," he said. Source - Moneycontrol.
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