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Nifty 50 hits fresh 52-week low! What technical charts indicate as selloff intensifies ↗

The Economic Times Markets ·

Market-wide

Nifty 50 plunged below 22,200 to a fresh 52-week low as soaring oil prices, persistent FII selling and the RBI’s rate hike weighed on sentiment. Analysts expect near-term pressure to persist, with market direction likely hinging on Q2 earnings, corporate cash flows and key technical levels in the coming sessions.

From The Economic Times Markets

Read full story ↗

2 sources

  1. The Economic Times Markets · 8 Oct, 14:17 IST
  2. The Economic Times Stocks · 8 Oct, 14:17 IST

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