Indian Stock Market News, Equity Market and Sensex Today in India | Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Sensex Corrects Over 750 Points; Realty and Oil & Gas Stocks Bleed
Thu, 28 Oct 01:30 pm

Share markets in India have extended early losses and are presently trading deep in the red.

Ahead of the monthly expiry of futures and options contracts later in the day, benchmark indices plunged tracking weak global market mood.

Global stocks eased from record peaks as a stark reminder of supply chain snags in corporate earnings reports stalled their rally, while investors also looked to whether central banks may consider tightening monetary policy earlier than thought.

Asian shares plunged with the Shanghai Composite and Nikkei both falling over 1%.

Meanwhile, market experts also suggested that the upcoming IPOs of Nykaa and Paytm totalling around Rs 240 bn are likely to witness enthusiastic investor response and this will drain away some liquidity from the secondary market.

--- Advertisement ---
Govt's 257 Bn Rupees Boost for EVs- Your Chance for Potentially Wild Profits

A few days back, the government announced that it will be pumping a whopping 257 billion rupees into electric vehicle initiatives by 2025.

We urge you to become a part of the EV gold rush that's happening now and gain the early mover advantage.

We have closed in on 3 EV stocks which could potentially hand you over insane profits in the long run.

We will be revealing all the details in one of our upcoming special online event.

Sign Me Up For the FREE Event
------------------------------

The BSE Sensex fell almost 800 points, or 1.3% to 60,345 levels. Meanwhile, the NSE Nifty fell to 17,960-mark.

Presently, the is trading down by 710 points, down 1.2%. Meanwhile, the is trading down by 244 points.

The sell-off is seen particularly in the realty, metal and energy stocks.

Shares of ITC and Titan fell over 4%, while ICICI Bank and Axis Bank fell over 2%.

Broader markets also cooled down after the recent runup. Both, the BSE Midcap index and the BSE Smallcap index fell 1%.

In one of his videos for Fast Profits Daily, Brijesh Bhatia shares his short-term view on the Nifty.

Brijesh believes, despite the recent bearishness in the market, the Nifty is still in a bullish trend. In other words, the bulls are still in control of the Nifty.

You can watch the video here: The Bulls are Still in Control of the Nifty

More details to follow in the upcoming commentary.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

Read the latest Market Commentary


What else is happening in the markets today? Dig in...

Equitymaster requests your view! Post a comment on "Sensex Corrects Over 750 Points; Realty and Oil & Gas Stocks Bleed". Click here!

  

Stock Market Updates

Sensex, Nifty Trade Flat; Telecom & Healthcare Stocks Under Pressure (Today's Market)

Dec 3, 2021 10:30 am

Indian share markets trade flat with the BSE Sensex down by 34 points, while the Nifty is trading lower by 11 points.

SGX Nifty Down 52 Points; Indicates Negative Opening for Indian Stock Markets (Today's Market)

Dec 3, 2021 SGX Nifty

Trends on SGX Nifty indicate a negative opening for Indian stock markets.

L&T, ReNew Power Join Hands for Green Hydrogen Biz, Cadila's Covid Vaccine, and Buzzing Stocks Today (Today's Market)

Dec 3, 2021 Pre-Open

Top cues to track in today's stock market session.

View More Indian Share Market News

Most Popular

Infosys vs TCS: Which is Better?(Views On News)

Nov 26, 2021

In the post pandemic era, the top two IT companies in India are fighting to capture the growing demand for IT.

This Multibagger Stock Zooms 20% After Dolly Khanna Buys Stake(Views On News)

Nov 24, 2021

Shares of this edible oil company zoomed over 50% in three days after ace investor bought around 1% stake.

6 Popular Stocks that Turned into Penny Stocks(Views On News)

Nov 27, 2021

A look at popular stocks that crashed big time and never recovered, i.e. which went from 'Multibaggers to Multibeggers'.

India's Top 5 Monopoly Stocks to Watch Out for(Views On News)

Nov 30, 2021

These 5 companies dominate their sectors with a huge piece of the pie.

5 Indian Companies Embracing Blockchain Technology(Views On News)

Nov 23, 2021

Blockchain adoption in India was slow in the past. Now, the technology is being well received.

More

Become A Smarter Investor
In Just 5 Minutes

Multibagger Stock Guide 2022
Get our special report Multibagger Stocks Guide (2022 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

S&P BSE SENSEX


Dec 3, 2021 (Close)

MARKET STATS