scorecardresearchTechnical View: Nifty breaches support of 16,800; analysts think Nifty may slip to 16,400

Technical View: Nifty breaches support of 16,800; analysts think Nifty may slip to 16,400

Updated: 04 May 2022, 05:09 PM IST
TL;DR.
  • The RBI rate hike triggered a massive wave of selloff which drowned most sectors. Nifty Media fell more than 4 percent while consumer durables, metal, realty and healthcare indices fell more then 3 percent each.
Rate sensitive Nifty Bank index fell 2.49 percent while the auto index fell 2.54 percent.

Rate sensitive Nifty Bank index fell 2.49 percent while the auto index fell 2.54 percent.