Stock Market Is In Bad Mood, Says Vishwas Agarwal

Indian equities, on Thursday (June 19), ended the day on a weak note Stock Market Is In Bad Moodfollowing its Asian counterparts and negative reactions in the US markets.

Asian stocks saw a negative trend, led by auto makers and technology companies influenced by US slow down and decline in the dollar value.

The Sensex ended the day with a loss of 334.32 points at 15,087.99, while the broad-based Nifty closed the day at 4,504.25, down 78.15 points.

Stock market analyst Vishwas Agarwal said that the support levels for the BSE Sensex are set at 15,150, 14,950, and 14,750.

Mr. Agarwal also said that below 14,750 levels the stock market may fall in a drastic manner.

“The market is in a bad mood. I am concerned about political disturbance and fight between Ambani brothers as both of them have major share in the 30 share index,” he added.

Mr. Agarwal suggested investors to stay away from the market till this F&O expiry.

He predicts some resurgence in the market in July F&O cycle with the help of first quarter results.

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