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.
The BSE 30-share Sensex declined 393 points to 61,787.77 levels and 50-share Nifty went down 112 points to 18,496.60 levels at 9.20 in the morning.
Sensex added 9 points to 62,579.47 level while Nifty added 12 points to 18,621.15 level.
, BSE Sensex was trading 32 points up at 62,443.67 while NSE Nifty was flat with 1.15 points up at 18,561.65 levels.
BSE Sensex was 2.75 points down at 62,623.61 whereas the 50-share Nifty of NSE was 12 points down to 18,630 at 9.23 am in the morning.
Notably, this is the third straight session of fall after the indices had hit their fresh lifetime highs last week.
