Market Reality
India's equity markets, long buoyed by strong economic growth and rising corporate earnings, are now facing a sharp and prolonged correction.
The Sensex on Friday opened 50 points higher while the Nifty reclaimed the 10,900-mark following gains in the other Asian markets.
Third quarter earning outcomes from index heavyweights such as Maruti Suzuki and Larsen and Toubro (L&T), is expected later in the day.
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All the sectors or BSE and NSE gained.
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The Sensex of the BSE opened at 36,245.77 from its previous close at 36,195.10 on Thursday.
At 9.24 am, the Sensex traded at 36,447.05 higher by 251.95 points or 0.70 per cent after touching an intra-day high of 36,474.05 and a low of 36,216.41.
The Nifty50 of the National Stock Exchange (NSE) opened at 10,859.75 after closing at 10,849.80 on Thursday.
The Nifty traded at 10,921.30 during the morning trade session, up 71.50 points and 0.66 per cent.
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