Market ends with no change in muted session
At close, Sensex was up 10.31 points or 0.01% at 74,612.43, and the Nifty was down 2.50 points or 0.01% at 22,545.05.
At close, Sensex was up 10.31 points or 0.01% at 74,612.43, and the Nifty was down 2.50 points or 0.01% at 22,545.05.
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.
The rally in the domestic market was after the US Federal Reserve maintained its projection of three rate cuts this year, boosting investor sentiment.
In the global market, the US stock index futures ticked lower as investors awaited the conclusion of the Federal Reserve's meeting.
The US Fed’s rate decision, more importantly the Fed commentary on Wednesday night, will decide the trend in the US market, he said.
Sensex closed down 1.01% at 72,012.05, and the Nifty was down 1.08% at 21,817.50.
Sensex ended the day at 72,748.42, up by 104.99 points or 0.14 per cent while the Nifty was up 32.40 points or 0.15 per cent at 22,055.70.
