Currencies32904
Market Cap$ 2.59T-7.90%
24h Spot Volume$ 49.43B+104%
DominanceBTC59.28%+0.90%ETH7.21%-6.68%
ETH Gas9.22 Gwei
Cryptorank
MainNewsJio Financia...

Jio Financial Shares Crash to Rs 198: Right Time to Buy?


Mar, 03, 2025
2 min read
by Vinod Dsouza
for Watcher.Guru
Jio Financial Shares Crash to Rs 198: Right Time to Buy?

Jio Financial Services (NSE: JIOFIN) has crashed below the Rs 200 mark on Monday’s opening bell. It is now trading at the Rs 198 mark and is attracting bearish sentiments in the indices. The stock is now well below its launch price of 214 when it first hit the markets in August 2023. Therefore, everybody who invested in JIOFIN in the last 18 months is all under massive losses.

Also Read: IRFC Shares Might Crash Another 15%, Reach 90-92 Level

jio financial shares jiofin 199
Source: Google

Sensex and Nifty crashed 350 points and 110 points on Monday, respectively. The index is down double digits in the last six months and the downturn is likely to continue as foreign institutional investors (FII) exit the Indian markets taking entry positions in the US and Chinese stocks. Now that Jio Financial shares are below the Rs 200 mark, is this the best time to accumulate the stock?

Also Read: Sensex And Nifty Crash: Top 3 Stocks Reach 52 Week Low

When To Buy Jio Financial Shares?

India Jio Financial Services Mukesh Ambani
Source: Trade Brains

Taking an entry position in Jio Financial shares is not advisable as the market’s downturn could continue. Buying JIOFIN now is as good as catching a falling knife, which is considered a dangerous move. JIOFIN is down nearly 43% in the last six months and could take many months to recover. The downturn is quick but scaling up in the chart is the hardest part.

Also Read: De-Dollarization: Global Bank Predicts Future of the US Dollar

It is advised to remain on the sidelines and watch out for market movements. The Indian rupee is dipping against the US dollar touching a low of 87.33. The FII exodus is adding to the burden making Jio Financial shares tank in the charts. In addition, a Bombay Court has ordered an FIR against SEBI chair Madhavi Puri Buch and five other top executives for alleged stock market fraud and regulatory violations.

The markets are reacting strongly to these developments and leading stocks could slip south further. It is best advised to wait and watch for further downturns before taking an entry position in Jio Financial shares.

Read the article at Watcher.Guru

Read More

Apple (AAPL): Why Experts Aren’t Panicked About Trump Tariffs

Apple (AAPL): Why Experts Aren’t Panicked About Trump Tariffs

The US stock market has plummeted this week following US President Trump’s Liberation...
Apr, 06, 2025
2 min read
by Watcher.Guru
JPMorgan Chase Sees One Stock Market Index Outperforming S&P 500 Over Next 15 Years Amid US Policy Uncertainty, Declining Consumer Confidence

JPMorgan Chase Sees One Stock Market Index Outperforming S&P 500 Over Next 15 Years Amid US Policy Uncertainty, Declining Consumer Confidence

Bank behemoth JPMorgan Chase says one stock market index looks primed to pull off a r...
Apr, 05, 2025
2 min read
by The Daily Hodl
MainNewsJio Financia...

Jio Financial Shares Crash to Rs 198: Right Time to Buy?


Mar, 03, 2025
2 min read
by Vinod Dsouza
for Watcher.Guru
Jio Financial Shares Crash to Rs 198: Right Time to Buy?

Jio Financial Services (NSE: JIOFIN) has crashed below the Rs 200 mark on Monday’s opening bell. It is now trading at the Rs 198 mark and is attracting bearish sentiments in the indices. The stock is now well below its launch price of 214 when it first hit the markets in August 2023. Therefore, everybody who invested in JIOFIN in the last 18 months is all under massive losses.

Also Read: IRFC Shares Might Crash Another 15%, Reach 90-92 Level

jio financial shares jiofin 199
Source: Google

Sensex and Nifty crashed 350 points and 110 points on Monday, respectively. The index is down double digits in the last six months and the downturn is likely to continue as foreign institutional investors (FII) exit the Indian markets taking entry positions in the US and Chinese stocks. Now that Jio Financial shares are below the Rs 200 mark, is this the best time to accumulate the stock?

Also Read: Sensex And Nifty Crash: Top 3 Stocks Reach 52 Week Low

When To Buy Jio Financial Shares?

India Jio Financial Services Mukesh Ambani
Source: Trade Brains

Taking an entry position in Jio Financial shares is not advisable as the market’s downturn could continue. Buying JIOFIN now is as good as catching a falling knife, which is considered a dangerous move. JIOFIN is down nearly 43% in the last six months and could take many months to recover. The downturn is quick but scaling up in the chart is the hardest part.

Also Read: De-Dollarization: Global Bank Predicts Future of the US Dollar

It is advised to remain on the sidelines and watch out for market movements. The Indian rupee is dipping against the US dollar touching a low of 87.33. The FII exodus is adding to the burden making Jio Financial shares tank in the charts. In addition, a Bombay Court has ordered an FIR against SEBI chair Madhavi Puri Buch and five other top executives for alleged stock market fraud and regulatory violations.

The markets are reacting strongly to these developments and leading stocks could slip south further. It is best advised to wait and watch for further downturns before taking an entry position in Jio Financial shares.

Read the article at Watcher.Guru

Read More

Apple (AAPL): Why Experts Aren’t Panicked About Trump Tariffs

Apple (AAPL): Why Experts Aren’t Panicked About Trump Tariffs

The US stock market has plummeted this week following US President Trump’s Liberation...
Apr, 06, 2025
2 min read
by Watcher.Guru
JPMorgan Chase Sees One Stock Market Index Outperforming S&P 500 Over Next 15 Years Amid US Policy Uncertainty, Declining Consumer Confidence

JPMorgan Chase Sees One Stock Market Index Outperforming S&P 500 Over Next 15 Years Amid US Policy Uncertainty, Declining Consumer Confidence

Bank behemoth JPMorgan Chase says one stock market index looks primed to pull off a r...
Apr, 05, 2025
2 min read
by The Daily Hodl