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Amid a sharp 1,342-point Sensex drop to 76,863, seven BSE 250 Smallcap stocks, including Sapphire Foods, JK Lakshmi Cement, Relaxo, Aegis Logistics, Five-Star Finance, Emami and Jyothy Labs, hit 52-week lows, signaling weakness.
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Legendary trader Jesse Livermore’s wisdom emphasizes aligning with market reality, not just bullish or bearish sentiment. Success hinges on accurately interpreting signals and adapting to dynamic trends, rather than rigidly adhering to a predetermined view. The ‘right side’ is dictated by evidence, demanding flexibility and objective analysis for long-term survival.
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Despite a sharp market downturn, select gas and water-related stocks delivered strong gains. Adani Total Gas hit the upper circuit on policy support, while Jindal SAW surged after the Jal Jeevan Mission extension, lifting several allied companies even as broader indices like BSE Sensex and Nifty50 fell.
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India has eased investment rules for countries sharing a land border, allowing up to 10% foreign ownership in firms via the automatic route. Approvals for specific sectors like electronics components will now be fast-tracked to 60 days, aiming to boost domestic manufacturing and attract capital.
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Sales of previously occupied U.S. homes picked up in February from the previous month as home shoppers took advantage of easing mortgage rates and a modest increase in properties on the market heading into the spring homebuying season.
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