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 traded at 18,160.45 points, down 147.20 points or 0.80%, the Sensex traded at 61,172.36 points, down 491.12 points or 0.80%.
Sensex was trading at 61,771.83 in the opening session, up barely 21.23 points or 0.034 percent,
The Sensex of BSE on Wednesday had a dalliance with 62,000 points and closed at 61,980.72 points. The Sensex opened at 61,708.63 points which were also the day's lowest point. It touched a high of 62,052.57 points during the day.
At 9.57 am, Sensex traded at 61,782.52 points, down 90.47 points or 0.15 per cent, whereas Nifty traded at 18,380.55 points, down 22.85 points or 0.12 per cent. Notably, Sensex tasted a record high of 61,873 on Tuesday.
Nifty was trading at 18,326.55 points, down just 2.60 points or 0.014 percent, while the Sensex was trading at 61,605.84 points, down 18.31 points or 0.03 percent
