Warren Buffett led Berkshire Hathaway becomes first US non-tech company to cross $1 trillion market cap

The fall was sharper in the Nifty Midcap and Nifty Smallcap indices - each of them tumbled around 2%. FMCG was the only sectoral index trading in the green, while banks and IT indices were trading around 0.5% lower. The fall was sharper in auto, media, metal, PSU banks, and realty stocks. In percentage terms, today's decline in Nifty was the biggest single-day loss since October 26. In the last one month alone, the index is up over 1,500 points or about 7.6%.

Analysts said gains in the stock market have been restricted in the past when 70% of the stocks on the NSE 500 index trade above the 200-DMA.

India Business News: The S&P BSE Sensex surged by more than 900 points from its intra-day low of 69,920, while the Nifty climbed by 300 points to reach a high of 21,288. H

The NSE’s benchmark Nifty closed 1.8% higher at 21,737.60 points, while BSE’s Sensex ended 1.76% higher at 71,941.57, their biggest gains since 4 December.

Amongst sectors, Nifty Realty, Media, and Consumer Durables were major gainers, while Auto, Pharma, and Healthcare were major losers. Analysts see the market consolidating within the range of 18,980 to 19,220 in the near term.

​Based on a decades-long track record of outperformance, Warren Buffett is largely regarded as the best investor in the world. However, he is the first to admit that he is only mortal and has made more than his fair share of blunders.

India is the shining star in the global stock market. The ones that didn't die post-Covid became immortal. Suzlon, Reliance Power, Reliance Infra, Jai Corp, Swan Energy, Idea Cellular, Imagicaa, Jai Prakash Associates, DB Realty and others have rallied 5-20x from their lows. And the ones that saw management changes like CG Power delivered 60x within 3years of being acquired.

Kunal Shah highlights Nifty Smallcap's LIFO model and market volatility. Nifty index remains bearish, with strong support at 21900-21850. Nifty Bank sees resistance at 47000 and support at 46500. Consider SIP for investment strategies in the market. Shah also says: The support zone at 8200 could serve as an excellent opportunity to add new long positions across the entire basket of stocks.

The Shanghai Composite Index inched down 0.15 points to 3,312.48, while the Shenzhen Composite Index on China's second exchange dipped 0.23 points to 2,138.81

Day trading stocks: Market experts have recommended six stocks to buy today — Shriram Finance, SJVN, Jindal Steel & Power, Dabur, Mazagon Dock Shipbuilders and JK Paper.