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.
At 9.26 am, Sensex traded at 59,557.48 points, up 528.57 points or 0.90 per cent, whereas Nifty traded at 17,770.00 points, up 145.60 points or 0.83 per cent.
The broader Nifty 50 of the National Stock Exchange closed 31.20 points or 0.18 per cent down at 17,624.40 points.
At 9.25 am, Sensex traded at 58,920.55 points, down 276.44 points or 0.47 per cent, whereas Nifty traded at17,578.40 points, down 77.20 points or 0.44 per cent.
At 9.39 am, Sensex traded at 59,259.10 points, up 13.12 points or 0.022 per cent, whereas Nifty traded at 17,671.65 points, up 5.85 points or 0.033 per cent.
The 30 stock S&P BSE Sensex closed 36.74 points or 0.06 per cent higher at 58,803.33 points against its previous day's close at 58,766.59 points.
