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.
Nifty 50 surged by 0.35%, reaching a fresh record high of 26,032 points in trade before closing with a gain of 0.25% at 26,004 points. The Sensex reached a new all-time high of 85,247 points, rising by 0.34%.
On BSE, Zomato, Apollo Hospitals, Bajaj Auto, Hero MotoCorp, DMart, Hindalco, Indian Hotels Company, Max Healthcare Institute, Tata Power Company, Trent, TVS Motor Company and United Spirits rose to their new one-year highs during the session.
Sensex closed 384 points, or 0.45%, higher at 84,928.61, while the Nifty 50 ended 148 points, or 0.57%, up at 25,939.05.
At close, the Sensex was up 1,359.51 points or 1.63 per cent at 84,544.31, and the Nifty was up 375.20 points or 1.48 per cent at 25,791.
Sensex jumped to its record high of 83,773.61 before ending at 83,184.80 with a gain of 237 points, or 0.29%. The Nifty 50 rose to its fresh high of 25,611.95 but settled 38 points, or 0.15%, higher at 25,415.80.
