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.
Sensex was trading at 60,272.34 points, down 474.97 points or 0.78 percent, while Nifty was trading at 17,983.60 points, down 117.60 points or 0.65 percent
There had been a fourth consecutive hike of 75 basis points magnitude before the most recent increase of 50 basis points.
BSE Sensex increased by 43 points to 60,396.65, and the NSE Nifty 50 increased by 14 points to 18,012.95
BSE Sensex fell 174 points to 61,119.75, while the NSE Nifty50 fell 56 points to 18,175.75.
On Tuesday morning, the laggards included JSL, Eureka Forbes, Triveni Turbine, Usha Mart, and Tatva Chintan Pharma.
