Tag: market correction

The BSE Sensex touched a high of 61,621 in opening trades and then slipped to a low of 61,164. The 30-share index was now down 21 points at 61,239. The NSE Nifty was more or less unmoved at 18,267. Experts say that the ongoing market correction is not an overreaction and can sustain in the near term due to high valuations. However, in the future Indian corporates will benefit from the reforms & China plus one strategy which happened during 2020-21. Alongside, the long-term economy & market trend is intact due to further re-opening of the economy, low-interest cycle, and fiscal & private spending. This correction will give leeway for value-buying, defensives, and upcoming stocks & sectors that evolved from this new demand. Read more

After an initial short rally today morning that took the S&P BSE Sensex to day’s high of 40,010.17, the markets lost ground as trade progressed. The S&P BSE Sensex lost over 1,200 points in intra-day trade to hit a low of 38,714.43 as trade progressed. At around 2:45pm, the 30-share index was trading nearly 1,050 points, or 2.7 percent, lower at 38,465 levels. It, however, recouped some losses and closed 839 points, or 2.1 percent, lower at 38,628 levels. Major factors that led to the market fall today are: Read more