The major indices hit a losing streak that continued through out the week. On Friday, the fall smashed a whooping 937 points from Sensex and Nifty lost 292 points (-3.77%) to end at 7,459.60. The major setback was set in mid-cap and small cap index where Mid-Cap index fell 670.51 points (-7.02%) to 8,875.24 and the Small-Cap index fell 819.92 points (-7.80%) to 9,688.11.
Amidst this losing streak, it was the FMCG sector which was still doing well. In a market where everything was bleeding the this sector was up 1.47%.
It is important for active traders is to analyse the current situation and reshuffle their trading portfolio to what market throws at them. The traders should also look to understand if this recent fall is strong enough to neutralize the 67,300 lakh crore funds poured in from foreign investors (since last seven months) OR is it a mere healthy correction which is inevitable in any trending market.