After a smart opening today, Indian equities slipped into the negative terrain due to heavy selling pressure in select IT, realty, auto and FMCG stocks.
However metal and consumer goods stocks gained ground. BSE MIdcap and Smallcap index rose 0.55% and 0.27% respectively.
At 10.50 a.m., the 30-share index Sensex lost 95.21 points at 8,644.03 after hitting a high of 8,854.81 and a low of 8,620.71.
Indian stock markets have declined a lot during the last 10 months and capitalists have lost faith in the equities. But the golden rule of investing still remains unbroken, that in the long run companies with well-built fundamentals and talented management will always provide handsome returns.
The existing negative reaction has taken the rate of many shares much below their fair value. These shares cannot stay at such low levels and are expected to bounce back to somewhere closer to their fair value.
IT, pharma and select realty, consumer durables and power stocks trade strongly while the benchmark BSE index Sensex continues to languish in the negative terrain with a sharp loss on account of heavy selling activity in Reliance Industries, Reliance Communications, Bharti Airtel, ACC, Tata Steel, SBI and Grasim Industries.
At 12:28 p.m., the Sensex lost 191.25 points 10,439.87, while the Nifty stood at 3087.30, down 54.80 points.
The 30-share index BSE Sensex, on Wednesday (Oct 29), belled the day on a positive note on account of heavy buying action by funds on strong worldwide signals.
But, after staying high up in the positive zone for about half an hour, the stock market reversed trend and plummeted into negative in mid morning trade.
After witnessing a volatile session, Sensex finally closed marginally higher, due to settlement of October F&O series.
Indian stock markets belled the day on a firm note on account of positive global signs and sharp rally seen because of short coverings in yesterday’s session (Oct 13).
IT, realty, banking, metal and power sectors moved up sharply.
Mid-cap stocks gained 2.96%, while small-cap shares surged 1.83% today.
Asian stocks zoomed, driving Japan’s Nikkei 225 stock average to its largest gain in the last 18 years, after the US and European authorities decided to buy equity stakes in banking institutions.
After a smart opening today, Indian equities slipped into the negative terrain due to heavy selling pressure in select IT, realty, auto and FMCG stocks.
Indian stock markets have declined a lot during the last 10 months and capitalists have lost faith in the equities. But the golden rule of investing still remains unbroken, that in the long run companies with well-built fundamentals and talented management will always provide handsome returns.
IT, pharma and select realty, consumer durables and power stocks trade strongly while the benchmark BSE index Sensex continues to languish in the negative terrain with a sharp loss on account of heavy selling activity in Reliance Industries, Reliance Communications, Bharti Airtel, ACC, Tata Steel, SBI and Grasim Industries.
After opening with a loss of 33.11 points at 10,304.57, the 30-share index BSE Sensex continued to trade in a subdued manner.
The 30-share index BSE Sensex, on Wednesday (Oct 29), belled the day on a positive note on account of heavy buying action by funds on strong worldwide signals.
Indian stock markets belled the day on a firm note on account of positive global signs and sharp rally seen because of short coverings in yesterday’s session (Oct 13). 
