HDFC Securities highlights that the next lower support on Nifty to be watched is 14335
HDFC Securities says that Indian benchmark equity indices declined the most since May last year as a sell-off in bond markets across the globe sparked a collapse in global equities. The Nifty opened gap down and kept falling through the day and closed almost at the intra day low. At close, the NSE Nifty 50 index shed 568 points to end 3.8% lower at 14529. For the week, the Nifty closed 3.02% lower, falling for the second consecutive week.
All sectoral indices ended lower with the Nifty Bank index emerging as the top sectoral laggard followed by Auto, Metals, Media and IT. The Nifty Midcap index fell 1.6% while the Smallcap index ended with losses of 1.2%: Reuters