Tag: global trend

Opening bell: Equity markets in India began on shaky ground today(10 January 2023) as stock-specific action, amid December quarter results, and mixed global trends swayed sentiment. The S&P BSE Sensex was at 60,484 levels in early deals, down 263 points, while the Nifty50 was hovering around 18,028, down 71 points. Both benchmarks were trading 0.4 percent lower. In the broader market, the BSE MidCap and SmallCap indices were flat with negative bias. Read more

Continuous selling for six sessions in the Indian markets in tune with global trends that have tumbled as coronavirus fears escalated has shaken investor confidence. Total investor wealth has dropped by Rs 11.4 trillion in the past six trading days to Rs 147 trillion, as per the exchange data. On 28th Feb 2020, the S&P BSE Sensex tumbled 3 percent, in intra-day deals to 38,565 levels. From a level of 41,323 on Wednesday, February 19, 2020, the index has tanked 6.7 percent in the past six trading days. There is more pain in store for global markets in the backdrop of the coronavirus scare. But it is widely felt that selling in the Indian markets has been overdone as the country has remained relatively immune to the pandemic till now. “Indian markets have been following the global trend and are better-off with the energy and commodity prices falling."If one is convinced about the long-term prospects, this is the time to buy fundamentally sound companies,” experts opined