Sensex tanks 305 points, Nifty slips 83 points
Markets opened in the red on Friday, with Sensex down 305 points and Nifty slipping 83 points, snapping a four-day winning streak.
This dip comes as investors brace for volatility ahead of the Bihar Assembly results and lower hopes for a quick US rate cut.
Geojit says election impact on market will be short-lived
Big political events like state elections can shake up investor mood.
Still, Dr. VK Vijayakumar from Geojit feels any election impact will be short-lived—pointing out that strong earnings and GDP growth are what really shape long-term market trends.
Nifty has been 1 of the top global performers over 5 years
Even with today's softness, Nifty has been one of the top global performers over five years.
Recent caution is tied to high stock prices and concerns about next year's earnings.
Technical experts say the overall uptrend remains intact if support holds near 25,789, but mixed signals from global markets are keeping everyone on their toes.