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.
Some of the gainers in the early trade are Tata Chemicals, Century Enka, Forbes, Aptech and Sreeleathers
The Indian stock market's key indices, Sensex and Nifty, slumped for the sixth consecutive session on Wednesday dragged by heavy selling pressure in the index heavyweights Reliance Industries, ITC and HDFC Bank. The 30 stock S&P BSE Sensex slumped 509.24 points or 0.89 per cent to 56,598.28 points against its previous day's close at 57,107.52 points.
Extending the losses to the fifth consecutive session, the Indian stock market's benchmark Sensex closed 38 points down in a volatile session on Tuesday. The 30 stock S&P BSE Sensex closed 37.70 points or 0.07 per cent down at 57,107.52 points against its previous day's close at 57,145.22 points.
At 9.32 am, Sensex traded at 57,628.49 points, up 483.27 points or 0.85 per cent, whereas Nifty traded at17,171.30 points, up 155.00 points or 0.91 per cent. Meanwhile, 45 of the Nifty 50 companies traded in the green this morning, National Stock Exchange data showed.
Sensex traded at 57,253.40 points, down 845.52 points or 1.46 per cent, whereas Nifty traded at 17,043.90 points, down 283.45 points or 1.64 per cent.
