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 equity indices opened flat on Friday following mixed cues from global markets.
Sensex was down 12.16 points or 0.02% at 80,424.68, and the Nifty was up 31.50 points or 0.13% at 24,572.70.
Indian benchmark indices Nifty and Sensex ended the week with gains after two consecutive weeks of losses.
India equity indices ended with weekly gains after two consecutive weeks of losses. Both frontline indices Sensex and Nifty closed in the green led by tech stocks last week.
At close, the Sensex was up 1,330.96 points or 1.68% at 80,436.84, and the Nifty was up 397.40 points or 1.65% at 24,541.20.
