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Nifty50 opened negative on Friday and drifted towards the 10,650 mark in early trade but recovered sharply from lower levels to extend the gains to 10,860 level. The index remained highly volatile throughout the session and traded in a wide range of 225 points. It formed a Piercing Pattern on the daily scale and a bearish candle on the weekly chart. As long as it holds above the 10,750–10,780 zone, Nifty could witness a bounceback towards 10,929 and then 11,000 levels, while a hold below the same level may drag it towards its recent swing low of 10,637.

Investors with a bit of patience, those with a 12-18 month view, could end up doing quite well in equity market, says Ridham Desai, Managing Director, Morgan Stanley India. In an interview with ETMarkets.com, Desai said he is looking at the market going up in absolute terms but said investors should keep in mind a rather cautious global equity view that Morgan Stanley has. Morgan Stanley has a June 2020 target of 45,000 for Sensex though he does not believe the economy will see a V-shaped recovery. Edited excerpts:

It was a terrible Thursday for the domestic stock market as it took a severe beating to end with a deep cut. With technical structure staying week, Nifty saw selling pressure at higher levels and ended 177.35 points or 1.62 per cent lower at 10,741.35.

NSE Nifty opened negative and remained under selling pressure throughout the session on Thursday. The index formed a Bearish Marubozu on the daily scale as bears are holding a tight grip on the market. The headline index continued its formation of lower lows and lower highs from the past three trading sessions and broke its recent swing low of 10,782.

A lot of bad businesses have exited, consolidation has happened, strong players are becoming stronger. You know when the recovery comes, you will not get these stocks at these prices, Vikas Khemani, Founder, Carnelian Capital. Excerpts from an interview with ETNOW.

The market plunged sharply, losing 1.6 percent on August 22 as bears tightened their grip over Dalal Street in the second half of the session as hopes for a stimulus dimmed. Selling was seen across sectors with Bank, Auto, Metal and Realty falling between 1.7 to 6.2 percent.

Markets are in a bear grip and the situation is unlikely to change in the near future. The benchmark indices fell more than 1.5 percent each on August 22, while the fall was bigger in broader markets.

The domestic stock market continued to fall on Wednesday as it faced selling pressure on higher levels. Despite logging gains in the early trade, NSE Nifty ended with a deep cut of 98.30 points or 0.89 per cent at 10,918.70.

The National Stock Exchange (NSE) on Tuesday revised the eligibility criteria for inclusion of stocks in the Nifty indices. According to the revised rules, all equity shares that are traded (listed and traded as well as those not listed but permitted to trade on the exchange) are eligible for inclusion in the Nifty indices.

Foreign Portfolio Investors (FPIs) bought equities worth Rs 31,700 crore in the quarter ended June 2019, broking firm Kotak Securities estimated.

Nearly 85 per cent of stocks listed on the National Stock Exchange (NSE) are in bear market, thanks to the prolonged tussle between the bulls and bears. To handle this, you need to turn to yesteryear’s Bollywood villain Gabbar Singh, who doled out a fair piece of advice in a different context in the movie Sholay, but that is exactly what might work for you in this market: jo dar gaya samjho mar gaya (If one is afraid, consider him dead). So say some market veterans.

If someone is betting on the markets, it is going to be only on defensive stocks. There is a lot of value for investors who want to create it for a two-three year horizon, says Rahul Shah, Associate VP, Equity Advisory Group, Motilal Oswal Financial ServicesNSE -0.33 %. Excerpts from an interview with ETNOW.

Broad-based selling dragged benchmark indices for the second consecutive session on August 21, despite strong European cues. The BSE Sensex plunged 267.64 points to 37,060.37 while the Nifty 50 lost 98.30 points to close below 11,000 levels, at 10,918.70, forming a bearish candle on the daily charts.

Auto stocks have been beaten down quite significantly and from a 3-year perspective, most will create value for the shareholders, Naveen Kulkarni, Head of Research, Reliance Securities, said in an interview with Moneycontrol’s Kshitij Anand.

If US-China trade skirmishes escalate into a full-blown trade war, it will lead to recession and India, too, will be hit, VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said in an interview to Moneycontrol’s Kshitij Anand.