The Indian benchmark indices traded weak after opening on a negative note on Thursday, reacting to the unchanged policy repo rate announced by the Reserve Bank of India
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The Indian stock market, on Wednesday, retained its gain after suffering a historic bloodbath on Monday. Sensex surged 900 points snapping three-day losing streak.
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.