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 down 14.99 points, or 0.025 percent, at 9.42 am, while the Nifty was up just 1.60 points, or 0.0089 percent, at 18,054.30 points.
At 9.39 am, the Sensex was down 67.11 points, or 0.11 percent, and the Nifty was down 18.10 points, or 0.100 percent, at 18,127.30.
The top five stcoks in green among the Nifty 50 equities this morning were Dr Reddy's, NTPC, Divi's Labs, Adani Enterprises, and Apollo Hospitals Enterprise.
At 9.35 am, the Sensex was up 581.64 points or 0.97 percent, trading at 60,541.49 points, while the Nifty was up 173.40 points or 0.97 percent, at 17,960.20 points.
Indian markets rallied on Friday as Sensex closed 203 points up at 59,959.85 and Nifty50 rallied 49 points to end at 17,786.80, picking up on mixed global cues. The rally in Indian stock indices continued as they jumped during nine out of the past 10 sessions.
