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.
Meanwhile, the rupee has retreated from its all-time low of over 83 against the US dollar.
Sensex traded at 58,962.18 points, down 145.01 points or 0.25 per cent, whereas Nifty traded at 17,468.35 points, down 43.90 points or 0.25 per cent.
Indian stock indices extended their gains for the fourth straight session on Wednesday, as the 30-share Sensex surged 147 points and closed at 59,107.19 while the Nifty50 rose 25 points to close at 17,512.25.
The 30 stock S&P BSE Sensex surged by 549.62 points or 0.94 per cent to 58,960.60 points against its previous day's close at 58,410.98 points. The Sensex started the day in the positive at 58,744.13 points and surged to a high of 59,143.66 points in the intra-day.
At 10.17 am, Sensex traded at 59,086.44 points, up 675.46 points or 1.16 per cent, whereas Nifty traded at 17,504.85 points, up 193.05 points or 1.12 per cent.
