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.
Among the stocks, Coal India, ONGC, Bajaj Auto, Reliance Industries, and NTPC were the top five gainers among the Nifty 50 basket.
At 9.37 am this morning, Sensex traded at 59,892.18 points, up 348.22 points or 0.58 per cent, whereas Nifty traded at 17,770.30 points, up 113.95 points or 0.65 per cent.
the key market indices lost ground on Tuesday after rising for seven straight days.
Indices of Indian markets fell on Tuesday after gaining for seven consecutive days as BSE Sensex dipped 287.70 points to 59,543.96 while Nifty50 went down by 74 points to settle at a 17,656 level.
At 9.42 am, Sensex traded at 59,854.76 points, up 23.10 points or 0.039 per cent, whereas Nifty traded at 17,749.35 points, up 18.60 points or 0.10 per cent.
