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Indian benchmark indices saw a sharp correction on Wednesday's session amid selling pressure ahead of the final phase of elections. The Nifty 50 index declined by 0.80 percent, or 183 points, to close at 22,704.70, while the BSE Sensex fell by 667 points, or 0.89 percent, settling at 74,502.90. All indices except for the Nifty Small Cap 100, faced selling pressure and closed with declines.
Get latest articles and stories on Business at LatestLY. Indian benchmark indices saw a sharp correction on Wednesday's trading session amid selling pressure ahead of the final phase of elections Business News | Indian Markets Correct Sharply as Election Enters Its Final Phase.
Nifty could continue to make new highs after the elections and target 23,400 in the near term, said Pankaj Pandey, head of research at ICICIdirect.com.
Small caps may be volatile, but they are also a key source of alpha in the Indian context
Almost all the key sectors ended the week in the positive, but the markets are surely defying logic