News > Will Sensex & Nifty 50 see greater fall?
Will Sensex & Nifty 50 see greater fall?
The Outreach | 05/03/2022 09:27 PM | Click to read full article
High risk aversion in the market on the back of the ongoing Russia-Ukraine war, surging crude oil prices and continuing sell-off from Foreign Portfolio Investors (FPIs) are continuing to keep the Indian benchmark indices under pressure.
Technically, as mentioned last week, both the Sensex and Nifty falling below their 200-Day Moving Average (DMA), coupled with a double-top formation on the charts, is also adding pressure to the indices.