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Stock market reacts to low voter turnout speculation in Lok Sabha election. Nifty falls below 50-DMA, Sensex loses 1,000 points, BSE-listed stocks lose Rs 11 lakh crore in three days. India VIX surges, FIIs sell. Valuation concerns and Q4 earnings disappoint.
Stock market today: Sensex closed with a loss of 384 points, or 0.52 per cent, at 73,511.85. The Nifty 50 closed 140 points, or 0.62 per cent, lower at 22,302.50
Says there has been a remarkable decentralisation of profits, with smaller companies witnessing a surge in profitability thanks to factors like the implementation of GST, expansion of highway networks
On May 7, Sensex closed 383 points (0.5%) lower at 73,511.85, while the Nifty 50 fell 141 points (0.6%) to 22,301.50
A total of 15,001 shares changed hands on the counter till time (IST).