The period of decline for the Indian markets looks far from reaching its culmination. This as the Indian indices have started yet another trading week on a negative with deep cuts.
Indian Indices In A Sea Of Red
The value of the benchmark indices dipped even further on the intraday trade Monday, January 27. This comes to pass after Dalal Street endured another week, which marked a third consecutive week of negative returns.
Take the BSE Sensex for instance; the index at the oldest exchange in Asia (BSE) has diminished by 1.53 per cent in the past 5 trading sessions alone.
Things do not look bleak even the larger picture.
Sensex
As we move towards the end of the first month of the new year, the overall decline that occurred at Sensex stands at a staggering 3,010.75 points or 3.83 per cent.
If we were to look at the most recent trading session, the value of Sensex dropped by 0.66 per cent or 502.14 points, at the time of writing.
This decline has brought the overall value of the index to 75,688.32, a far cry from its 52-week-high of 85,978.25.
Nifty
The ongoing situation was no different at the National Stock Exchange (NSE). The marquee index, Nifty dropped by 0.69 per cent or 159.35 points on Monday.
Even here, over the past month, the value of the benchmark index has diminished significantly.
The NSE Nifty has lost over 3 per cent or over a whopping 800 points in its total value.
Global Uncertainties Keep Markets Under The Pump
This comes at a time of global uncertainty that has only been aggravated by the new Trump administration, which pushed for protectionist and confrontational diplomatic and economic/trade policies.
In addition, the change in fuel and energy priorities, with confusion between the transition into sustainable resources and use of fossil fuel has added another layer of complication.
When we look at another index of that of banks, the Nifty Bank also dipped in value, slipping to 48,179.50, after losing grip over 188.30 points or 0.39 per cent of its total value.
