Posted 3/13/2024, 6:51:00 AM
Sebi Warning on Valuations Sparks Sharp Selloff Amid Bubble Concerns
- Sebi chairperson raised concerns about excessive valuations and froth in the broader market, leading to restrictions on some mutual funds
- Valuations in the smallcap space seen as unsustainable by experts
- Link revealed between illegal betting app and stock market bubble, with ED probe freezing shares worth Rs 1,100 cr
- Bearish technical patterns formed, with Doji candle failing to negate previous evening star
- Derivatives activity showed bearish sentiments, with short build-up seen across sectors