Page 45 - Axis Securities News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Nishit Master says: India's equity markets remain stable with strong corporate balance sheets and earnings. Valuations are stretched but sustainable in the long run. A 5-8% correction is possible in the short term. The upcoming budget is a Vote on Account with no major policy announcements expected. Defence, railways, and capital goods companies will be in focus. Stability in regulatory environment and fiscal policy is crucial for investors.

Just in 11 sessions of this new year 2024, the benchmark Nifty surpassed 22,000 while Sensex crossed the 73,000 mark for the first time ever on January 15.

Sensex records worst daily performance in 18 months due to the decline in HDFC Bank shares. The HDFC Bank report card had a spillover effect on other banking stocks, with Nifty Bank crashing along with mid and smallcap indices. Rising bond yields in the US contribute to the negative sentiment in the global market.

Key stock indices suffered their worst single-day losses in percentage terms since June 13, 2022

Benchmark Sensex nosedived 1,628 points or 2.23 per cent on Wednesday, marking its biggest single-day slide in more than one-and-a-half years following an intense sell-off in banking, metal and oil shares triggered by weak global trends. The 30-share BSE Sensex plunged 1,628.01 points or 2.23 per