Fri Sep 06 15:08:34 UTC 2024: – Benchmark indices Sensex and Nifty fell over 1 per cent in Friday’s trade
– Weakness seen across Asian markets due to overnight slide in US stocks
– Concerns over high valuations following recent winning streak at Dalal Street
– BSE Sensex fell nearly 900 points, Nifty50 slipped below 24,900-mark
– US job data to be published later may raise bets on Federal Reserve rate cut
– Market may react negatively to serious growth concerns and hard landing scenario for US economy
– SBI led the losers at the Sensex pack, other stocks also fell
– Investors advised to prioritize buying fairly valued quality stocks on declines
– Categorize stocks into narrative stage and earnings stage, be cautious during narrative phase.

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