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.
Indian frontline equity indices closed in the red on Wednesday as they erased gains in the last hour with Reliance, and Nestle shares pulling them lower.
At close, the Sensex was up 584.81 points or 0.72% at 81,634.81, and the Nifty was up 217.40 points or 0.88% at 25,013.20.
At close, the Sensex was down 638.45 points or 0.78% at 81,050, and the Nifty was down 218.80 points or 0.87% at 24,795.80.
Sensex ended 808.65 points or 0.98% lower at 81,688.45 while the broader Nifty fell 200.25 points or 0.8% to 25,049.85.
The decline was driven by escalating Middle East tensions, SEBI's tightening grip on F&O trading, and a surging Chinese market luring away foreign investors.
