Capitalmind
Capitalmind
Actionable insights on equities, fixed-income, macros and personal finance Start 14-Days Free Trial
Actionable investing insights Get Free Trial
Charts & Analysis

Market Snapshot: Nifty Down 4% in the Week

The Nifty made a two year low recently as it hit 4706, and closed the week at 4710. The Nifty has lost over 11% in November till date.

image

(click for a larger picture)

The market has retreated over 25% from the highs, and we’re in a definitive bear zone. P/E too is at 17+, which is not expensive, but not so cheap you should rush to buy. Technically, with another tiny break at 4,400 the market seems headed towards the 4000 zone.

Sector moves:

image

The 2011 moves till date look horrendous, with only FMCG holding fort:

image