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 index fell by 0.50%, slipping below the 25,000 mark to close at 24,915 points while the Sensex declined by 0.53%, settling at 81.485 points.
At close, the Sensex was up 361 points, or 0.4%, at 81,921, while the Nifty gained 104 points to reach 25,041.
The combined market valuation of eight of the top-10 most valued firms eroded by Rs 2,01,699.77 crore last week.
At close, the Sensex was down 151.48 points or 0.18% at 82,201.16, and the Nifty was down 53.60 points or 0.21% at 25,145.10.
The indices, however, recovered most of their losses during the session, thanks to gains in shares of Reliance Industries, Hindustan Unilever, and Asian Paints.
