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Indian equity markets experienced a divergence from the positive trends seen in US markets, leading to a continued sell-off after a brief recovery in the prior sessions.

The markets traded under pressure, losing over a percent, as they resumed their corrective trend after two days of gains. In today's trade, shares of SBI, Tata Motors, Ola Electric, Vedanta, Indian Hotels, among others, will be in focus due to various new developments and second quarter results.

The Nifty 50 failed to sustain near the 24,350 level, which had acted as a key hurdle for the last four days, and dropped significantly on November 28 , breaking down the consolidation range.

The index fell below short-term moving averages and entered the lower band of the Bollinger Bands, with a long bearish candle formation, signaling weakness. After the sharp fall, if the index manages to rebound, it may face resistance around the 24,000–24,200 zone. On the downside, the 23,600 level (200-day EMA) is a potential support, experts said.

The Bank Nifty needs to climb above 52,000 for an upward rally towards 52,500. However, staying below this level may drive it down toward the 51,600–51,500 zone.

On Thursday, November 28, the Nifty 50 plunged 361 points or 1.5 percent to 23,914, while the Bank Nifty fell 395 points to 51,907, despite market breadth favouring bulls. A total of 1,331 shares gained, compared to 1,143 shares that fell on the NSE.

The Nifty is currently trading near 23,900, just below a critical resistance zone of 24,200–24,400, which has acted as a strong barrier over the past week. A decisive breakout above this zone could trigger a shift in sentiment, paving the way for higher levels

Originally posted by: Viswasruti

The Nifty 50 failed to sustain near the 24,350 level, which had acted as a key hurdle for the last four days, and dropped significantly on November 28 , breaking down the consolidation range.

The index fell below short-term moving averages and entered the lower band of the Bollinger Bands, with a long bearish candle formation, signaling weakness. After the sharp fall, if the index manages to rebound, it may face resistance around the 24,000–24,200 zone. On the downside, the 23,600 level (200-day EMA) is a potential support, experts said.

The Bank Nifty needs to climb above 52,000 for an upward rally towards 52,500. However, staying below this level may drive it down toward the 51,600–51,500 zone.

On Thursday, November 28, the Nifty 50 plunged 361 points or 1.5 percent to 23,914, while the Bank Nifty fell 395 points to 51,907, despite market breadth favouring bulls. A total of 1,331 shares gained, compared to 1,143 shares that fell on the NSE.

The Nifty is currently trading near 23,900, just below a critical resistance zone of 24,200–24,400, which has acted as a strong barrier over the past week. A decisive breakout above this zone could trigger a shift in sentiment, paving the way for higher levels

Originally posted by: mishkil88

FII selling was Rs. 11700 cr yesterday. A Huge sell- off.

Yesterday's huge sell-off was because of IT stocks, Trump's statement demoralised IT stockholders, they want to save their skin before the total collapse.

Indian stock markets are all set for the upcoming week. Global and domestic factors are giving contrasting signals. Analysts highlight that US Federal Reserve’s interest rate decision, inflation data and foreign institutional investments (FIIs) are the main catalysts for

market movement.

The benchmark Nifty 50 rallied nearly 1 percent after falling 1.5 percent intraday on December 13, closing above the 20-week SMA (Simple Moving Average) and a downward-sloping resistance trendline. Additionally, there was a breakout from a five-day consolidation, which is positive. Hence, as long as the index holds 24,700, a further rally towards the psychological level of 25,000 cannot be ruled out. However, if it sustains below this level, 24,500 can act as immediate support, experts said.

Metal stocks | Shares of metal companies came under selling pressure, with steelmakers such as JSW Steel, Tata Steel, NMDC, and SAIL taking the hardest hit, slipping upto x percent. This comes after China's latest stimulus pledge, vowed to lift its economy, lacked details, yet again. China's affirmed its recent policy shifts and stressed on plans to boost growth at its latest high-level economic meeting on Thursday. However, investors were left with a wave of skepticism yet again as officials refrained from rolling out details about the plans for economic revival. While China’s top leadership surprised the markets earlier this week by hinting at a shift in its monetary policy stance for the first time in 14 years, skepticism still lingers as investors believe a large-scale stimulus remains unlikely.

Making the investors’ sentiment jittery, FIIs continued to sell in the Indian equity markets. So far, they have sold Rs 21,357.46 crore in January. During the last three months, FIIs were the net sellers of Rs 1,77,402.49 crore. The experts have added that the primary cause behind the continuous selling by foreign institutional investors is the consistent increase in the dollar index, which is above 109 now.

Three major factors affected the Indian markets: the fall in Asian and US markets, the rise in crude oil prices, and continuous selling by FIIs dampening investors’ sentiments.

https://www.financialexpress.com/market/why-is-the-stock-market-falling-today-here-are-3-reasons-3713517/