Indian markets started Wednesday's trading session on a positive note, following a global rally. The Nifty 50 index opened with a gain of 296.85 points or 1.24 per cent, reaching 24,289.40 points, while the BSE Sensex opened at 79,565.40 points, up by 972.33 points or 1.24 per cent.
The benchmark Nifty50 at the National Stock Exchange (NSE) opened at 24,189.85, up by 290.60 pts or 1.21 per cent, while BSE Sensex opened higher by 949.21 points or 1.21 per cent to trade at 79,708.61
Amit Goel, "My advice is not to panic. The Nifty index dropped by almost 1,000 points in just the last two days. This is not a time to panic or sell your entire portfolio. Rather, it's a time to buy some good quality stocks or ETFs, which are now more reasonably valued than they were last we
The Sensex plunged by 2,222.55 points, closing at 78,759.40, while the Nifty fell by 662.10 points, ending the day at 24,055.60. Among the Nifty companies, only 5 advanced while 45 declined, underscoring the market's bearish sentiment.
Indian markets experienced one of the worst falls on Monday with both the indices Nifty, and Sensex registered high losses during the opening trade. Indian stock markets followed the global bloodbath.
The report highlights the key indicators which reflect the extreme valuations in the Indian markets. It added that the market cap to GDP ratio stands at 150 per cent, matching the 2007 peak.
The Indian stock market exhibited volatility over the past week after touching a fresh lifetime high. The benchmark indices closed marginally lower amid mixed signals.
According to analysts, Indian stock markets experienced a sharp fall, tracking a sell-off in the US markets. Weak US manufacturing activity raised concerns that the economy might be slowing faster than anticipated.
The Nifty 50 index opened with a decline of 221.90 points (0.89 per cent) at 24,789 points, while the BSE Sensex index declined by 708.55 points (0.87 per cent) to 81,158.99 points during the opening session.
The index hit the 20,000 mark for the first time on September 11, 2023, and took 221 trading days from that level to hit the 25,000 mark on August 01, 2024.