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 9.22 a.m., Sensex traded at 59,992.45 points, up 150.24 points or 0.25 per cent, whereas Nifty traded at 17,874.95 points, up 49.70 point or 0.28 per cent.
Foreign portfolio investors becoming net buyers in Indian stock markets again after nine long months renewed the investors' sentiment.
This link will divert capital from Singapore to India through Gift, which is being positioned by the Indian government as a worldwide tech and monetary administrations center point.
At 10.15 a.m., the 30-scrip sensitive index traded at 59,921.26 points, down 438.60 points or 0.77 per cent.
Profit bookings along with subdued global cues dragged India's key equity indices -- S&P BSE Sensex and NSE Nifty50 -- in the red during Tuesday's late-trade session.
