Market Reality
India's equity markets, long buoyed by strong economic growth and rising corporate earnings, are now facing a sharp and prolonged correction.
India's equity markets, long buoyed by strong economic growth and rising corporate earnings, are now facing a sharp and prolonged correction.
The stock market extended the losses to the fourth session on Wednesday and ended marginally lower in the highly volatile session. At close, the Sensex was down 28.21 points or 0.04% at 75,939.18, andthe Nifty was down 12.40 points or 0.05% at 22,932.90.
On the losing side were Indusind Bank (2.30%), Trent (1.94%), Ultratech Cement (1.58%), Bharat Electronics (1.57%), and Mahindra & Mahindra (1.48%).
At close, the Sensex was up 57.65 points or 0.08% at 75,996.86, and the Nifty was up 30.25 points or 0.13% at 22,959.50.
At close, Sensex was down 199 points or 0.3 per cent at 75,939, and the Nifty was down 102 points or 0.4 per cent at 22,929. About 642 shares advanced, 3,200 shares declined, and 73 shares were unchanged.
The market failed to hold onto the opening gains to end on a negative note on Tueday. Nifty finished below 25,100 dragged by auto, metal and pharma. At close, Sensex was down 152.93 points or 0.19% at 81,820.12, and the Nifty was down 70.70 points or 0.28% at 25,057.30.
At close, the Sensex was up 591.69 points or 0.73% at 81,973.05, and the Nifty was up 163.70 points or 0.66% at 25,128.
Last week, Nifty fell 50 points or 0.20 per cent to 24,964 and Sensex fell 307 points or 0.38 per cent to 81,381. This was the second consecutive week when the market closed in the red.
Market opened flat and traded in range. Nifty failed to cross 25,000 amid selling seen in the auto, bank, realty stocks.
Stock market failed to hold the higher levels and ended with marginal gains in the rangebound session on Thursday.
