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.
At close, the Sensex was down 33.49 points or 0.04% at 84,266.29, and the Nifty was down 13.95 points or 0.05% at 25,796.90.
At close, the Sensex was down 1,272.07 points or 1.49% at 84,299.78, and the Nifty was down 368.20 points or 1.41% at 25,810.80.
The Indian equity indices witnessed a sharp rally last week as Sensex and Nifty both made new all-time highs of 85,978.25 and 26,277.35 respectively. Now, the market outlook for next week looks very positive
Nifty 50 rose by 0.23%, reaching a fresh all-time high of 26,277 during the trade while Sensex hit a new peak of 85,978.
At close, the Sensex was up 666.25 points, or 0.78%, at 85,836.12, and the Nifty was up 211.80 points, or 0.81%, at 26,216.
