<p>Indian equities logged their biggest loss in about five months as benchmark indices crashed by close to 3% on Thursday, continuing the losing streak for the sixth continuous day. With today's rout the Sensex has lost about 2,749 points in six days (7% in percentage terms).</p>.<p>At the end of the day's trade, the 30-share BSE Sensex closed at 36,553.60, down 1,114.82 points (2.96%). Similarly broader index 50-share NSE Nifty closed at 10,805.55, down 326.30 points (2.93%). The last time markets fell bigger than this was on May 4, when Sensex had crashed by 2,002 points in a day's trade.</p>.<p>As the equity investors lost Rs 3.87 lakh crore in during the day's trade, the total losses in past six trading sessions have now bulged to Rs 11.23 lakh crore.<br />Analysts say that markets are getting realistic and that is what is leading to this correction.</p>.<p>"As Fed's buying programme and liquidity ebbs, euphoria has been replaced by a more pragmatic approach to evaluating risk vis-a-vis US election, Trade wars, Pandemic and the teetering domestic GDP," said Anubhav Srivastava, Partner, Infinity Alternatives.</p>.<p>With the rupee depreciating by 33 paise against the US dollar to close at 73.90, the foreign investors led the sell-off for Indian equities. The FIIs, in the past five trading sessions, have withdrawn a net of Rs 7,900 crore from the Indian equity markets.</p>.<p>Among the sectors, IT and metals were worst hit, with Nifty Metal and Nifty IT crashing by 4.24% and 4.2% each, respectively. The Nifty PSU Banks Index crashed by 3.89%. On the other hand, India VIX, which denotes the volatily in the Indian markets was up 12.01% at 23.51.</p>.<p>As a result of continuous correction in equities, since Monday, Indian benchmarks have started giving 52-week negative return again after a hiatus of two months. As on date, the Sensex is giving 52-week return of negative (-) 6.51%.</p>.<p>Analysts are advising further caution, as they believe going forward as it is unlikely the pandemic fears will allay in the near future, if anything this could accelerate.</p>
<p>Indian equities logged their biggest loss in about five months as benchmark indices crashed by close to 3% on Thursday, continuing the losing streak for the sixth continuous day. With today's rout the Sensex has lost about 2,749 points in six days (7% in percentage terms).</p>.<p>At the end of the day's trade, the 30-share BSE Sensex closed at 36,553.60, down 1,114.82 points (2.96%). Similarly broader index 50-share NSE Nifty closed at 10,805.55, down 326.30 points (2.93%). The last time markets fell bigger than this was on May 4, when Sensex had crashed by 2,002 points in a day's trade.</p>.<p>As the equity investors lost Rs 3.87 lakh crore in during the day's trade, the total losses in past six trading sessions have now bulged to Rs 11.23 lakh crore.<br />Analysts say that markets are getting realistic and that is what is leading to this correction.</p>.<p>"As Fed's buying programme and liquidity ebbs, euphoria has been replaced by a more pragmatic approach to evaluating risk vis-a-vis US election, Trade wars, Pandemic and the teetering domestic GDP," said Anubhav Srivastava, Partner, Infinity Alternatives.</p>.<p>With the rupee depreciating by 33 paise against the US dollar to close at 73.90, the foreign investors led the sell-off for Indian equities. The FIIs, in the past five trading sessions, have withdrawn a net of Rs 7,900 crore from the Indian equity markets.</p>.<p>Among the sectors, IT and metals were worst hit, with Nifty Metal and Nifty IT crashing by 4.24% and 4.2% each, respectively. The Nifty PSU Banks Index crashed by 3.89%. On the other hand, India VIX, which denotes the volatily in the Indian markets was up 12.01% at 23.51.</p>.<p>As a result of continuous correction in equities, since Monday, Indian benchmarks have started giving 52-week negative return again after a hiatus of two months. As on date, the Sensex is giving 52-week return of negative (-) 6.51%.</p>.<p>Analysts are advising further caution, as they believe going forward as it is unlikely the pandemic fears will allay in the near future, if anything this could accelerate.</p>
