Benchmark indices made a smart recovery in the afternoon session after struggling in early trade tracking overnight selloff in the global market.
The market witnessed heavy selling with the Sensex losing 345 points, or 0.98 per cent, to 34,812.99. The Nifty fell 103 points, or 0.97 per cent to 10,482.20.
The steep correction in mid- and small-cap stocks over the last six months has significantly brought down valuation premia of the segments over the Nifty-50.
The market ended with modest gains in a volatile trading session. After a positive opening, stocks trimmed gains as stocks gyrated in a small range.
The outflows from emerging markets may be transitory as this is a largely sentiment-driven move.
The market ended with modest losses after choppy trading, with the Sensex closing 176 points, or 0.52 per cent lower while the Nifty shed 52 points, or 0.51 per cent, to settle at 10,198.
After a three-year dream run, mid-and small-cap stocks are giving investors nightmares now. The segments were badly battered in the recent market rout.
Frontline indices failed to capitalise on the gap-up opening as selling pressure mounted in the afternoon session.
Ashish Mehta, the lawyer who has filed a Public Interest Litigation in the Bombay High Court on the mysterious deaths of India’s nuclear scientists, says the government should ackn
The market snapped the three-day losing streak, with the Sensex surging 299 points, or 0.83 per cent, to settle at 36,526, while the Nifty 50 Index rose 77.85 points, or 0.71 per cent, to close at