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After tumbling 800 points on Thursday and wiping off Rs 3-lakh crore of investor wealth, the markets resumed their journey south on Friday after a firm start. From their peak levels, the S&P BSE Sensex and the Nifty 50 index have lost nearly 24% till date. Given the magnitude of fall in the Indian benchmarks on the back of a host of global and domestic factors, analysts suggest that the pain is not likely to go in a hurry. They expect the indices to dip further in case the global macros do not stabilise. Also Read:  FII holding falls to three-year low in December quarter A K Prabhakar, head of research, IDBI Capital, says: "In case the correction across global markets picks up pace, we can expect the Nifty to hit 6,357 levels, which is the high level of 2008. The fall in the markets does seem to be a repeat of 2008. Also Read:  5 reasons why Sensex slipped over 800 points "A lot of global indices have breached their two-year low leve...

Markets have recovered from their day's lows, amid firm European cues, even as bank shares continue to lead the decline after a host of state owned banks reported huge losses because of higher provisioning on account of rising non-performing assets. At 2:30pm, the S&P BSE Sensex was down 193 points at 23,828 and the Nifty50 was down 62 points at 7,236 after hitting an intra-day low of 7,177.75. Read Full Article Over Here :  Business Standard News

China, crude oil and other global events have been impacting Indian markets since early 2015. Nearly half of the broad based Nifty index stocks are trading at their 52 week lows. Shankar Sharma of First Global in an interview with CNBC TV18 said that the state of global stock markets in January 2016 eerily resembles the one witnessed in January 2008 – when equity markets topped out after a multi-year bull run.  Read Articles  

After cracking over 2% in the previous session, marketsmade a comeback today morning with Sensex reclaiming the crucial 25,000 mark in the early trades. However, the Sensex slipped below the key level but continues to remain firm as investors purchase the battered bluechips at attractive valuations. At 11:15 am, S&P BSE Sensex was up 63 points at 24,915 and Nifty50 was up 17 points at 7,585. Read Articles