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With markets having corrected significantly, Budget to decide direction (Market Watch)


With markets having corrected significantly, Budget to decide direction (Market Watch)
By IANS|   Published: 31st January 2021 3:11 pm IST
By Arun Kejriwal
Markets continued to correct and did so quite vociferously in the four trading days during last week. Ever after having touched the 50k mark on BSESENSEX on the 21st of January, they have been losing ground for six consecutive days. BSESENSEX lost 2,592.77 points or 5.30 per cent to close at 46,285.77 points while NIFTY lost 737.30 points or 5.13 per cent to close at 13,634.60 points. The broader indices saw BSE100, BSE200 and BSE500 lose 5.00 per cent, 4.80 per cent and 4.62 per cent respectively. BSEMIDCAP was down 3.62 per cent while BSESMALLCAP lost 2.36 per cent. The fall was quite ferocious and there were no sectoral gainers with BSEAUTO losing 6.65 per cent. In individual stocks we saw Maruti lose 10.40 per cent, Reliance 10.10 per cent, Tata Motors down 9.26 per cent and Dr Reddy down 8.64 per cent. ....

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