HDFC Securities says decisive move below 14200 is expected to drag Nifty down to 13700-13600 levels by this month
HDFC Securities has said that Indian benchmark equity indices fell sharply by over 3.5 percent on April 12 – the most in a month - as due to rapidly rising covid cases the government of Maharashtra (the richest state) will take a lockdown decision post the state Cabinet meeting on April 14. The Nifty opened gap down and kept falling through the day. At close, the Nifty was down 524 points or 3.5% at 14311
HDFC Securities highlights that Volumes on the NSE were above recent averages. Among sectors, PSU Bank, Media, Realty, Metal, Auto, Banks fell the most: Reuters