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Sensex, Nifty fall on mixed global cues; analysts say selloff may intensify
Equity benchmarks the 30-pack Sensex and broad-based Nifty extended their losing streak to a second day on March 18 amid mixed global cues. Analysts expect the negative sentiment to prevail over the next few days as investors navigate concerns of “froth” in mid and smallcap segments. The Sensex and the Nifty were flat-to-negative at 72,678 and 22,012. About 1,891 shares advanced, 833 declined and 143 were unchanged. Sameet Chavan, Head Research, Technical and Derivative - Angel One, said investors should adopt a cautious approach and wait for clear bullish signal before considering aggressive long positions. "Any decline below 21,850-21,900 can trigger another round of significant selling, potentially pushing prices towards previous low of 21,500," he said. Source - Money Control
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