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 opened at a record high of 23,629.85, touched another record high at 23,664.00, before fallling into the red as investors booked profit.
Sensex opened at a record high of 77,543.22 and closed at 77,337.59, up 36.45 points, or 0.05%.
Both the Sensex and Nifty hit their all-time high. Sensex hit its fresh all-time high of 77,366.77 during the session while the Nifty 50 hit its fresh all-time high of 23,579.05.
The Life Insurance Corporation of India (LIC) emerged as the biggest gainer, in-line with positive trend in equities.
Sensex opened higher at 76,912.38, and pared some of its gains to close at 76,992.77, up 181.87 points, or 0.24%. The index touched an intraday high of 77,081.30.
