Buy or sell: Osho Krishan of Angel One recommends CG Power and Voltas stock for March 14
Stock Market News: Domestic benchmark equity indices, the Sensex and the Nifty 50, opened the day lower on Thursday due to persistent profit-booking, while small- and mid-cap stocks continued to fall prior to of the findings of a stress test conducted on mutual funds in those market sectors. The 30-share BSE Sensex opened lower by 194.40 points or 0.27% at 72,570.10 level while the Nifty 50 opened at 21,982.55 level, down 15.20 points or 0.07%. Market volatility will present possibilities for cherry-picking, according to Dr.
V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services. Irrational exuberance will no longer be the main motivator; instead, reasonable valuations and quality standards will take precedence. "This turbulence will separate the men from the boys.
High quality private sector banks and the leading names in capital goods, telecom and autos can be accumulated in a calibrated manner. It is important to understand that India’s macro fundamentals continue to be good and the bull market is intact," added Vijayakumar. Also Read: Nifty 50, Sensex today: What to expect from Indian stock market in trade on March 14 The Sensex and the Nifty 50, slumped over 1% on Wednesday's trade.
Market analysts believe that the major cause of the domestic stock market's decline was the sharp decline in the midcap and small-cap indices, which fell by 4 to 5% during today's trading session. Nifty MidCap 50 (-3.86%) and SmallCap (-5.3%) indices received fresh drubbing on Wednesday's session, and ended on an ugly note. The 30-share BSE Sensex ended lower by 906.07 points or 1.23% at 72,761.89 level while the Nifty 50 closed at 21,997.70 level, down 338 points or 1.51%.
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